Loans worth billions waived from 1985 to 2003:
Federal Minister for Parliamentary Affairs, Dr Babar Awan, said here on Tuesday that loans worth billions of rupees were waived by 30 major banks and financial institutions during 1985 and 2003.
The government says it will borrow a record $550 billion in the current quarter as it scrambles to fund the huge rescue programs being put in place to deal with the worst financial crisis in seven decades.