The Chief Justice of Pakistan (CJP) on Saturday remarked that a consensus has been developed for the construction of two new dams in Pakistan to tackle the looming water crisis.
While hearing a suo motu case related to Rs54 billion worth of loan waivers carried out by 222 individuals and companies, the CJP made the remarks that a serious consensus has been developed for the construction of two dams.
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The amount recovered from the defaulters in the case being heard will be used to construct two news dams immediately, the CJP further clarified. He also mentioned that the consensus was developed during a key meeting with experts.
Chief Justice Nisar stated that some of the defaulters have expressed willingness to pay 75 percent of the written-off loan amount, whereas those who do not return the amount will be sent to the banking courts.
The court then adjourned hearing of the case till July 4.