Bank loan default
LAHORE: A banking court in Lahore on Monday directed the cousins of former prime minister Nawaz Sharif to appear in person in a case against them for allegedly defaulting on bank loans. Judge Muneer Ahmed Joya approved applications of Tariq Shafi and others for exemption from personal appearance in today’s hearing and directed them to turn up at next hearing on August 24. A counsel representing different banks that instituted the case against the accused persons for allegedly defaulting on loans stated before the judge that Ittifaq and Kashmir sugar mills obtained loans worth Rs700 million from his clients. DNA
