Published in The News, the 3rd of September 2010
THE Lahore High Court Bar Association through a resolution has demanded the government to stop paying back foreign loans of 63 billion dollars and spend this money on help and rehabilitation of flood affectees.
The Bar also called upon the National Assembly and Senate to pass resolutions urging foreign countries to write off Pakistan’s loan in the wake of deadly flood that displaced 20 million people across the country.
The Bar also condemned suicide attacks on a procession taken out to mark anniversary of martyrdom of Hazrat Ali (RA).
The mover of the resolution, Mrs Rabbiya Bajwa advocate, said flood had completely destroyed infrastructure in affected areas as roads, bridges, schools and hospitals were razed by floodwater. She said the magnitude of this natural calamity was so huge that Pakistan, being a poor country, was unable to cope with it. Foreign aid is also too small to handle the situation. Foreign loans have already surged to the tune of 63 billion dollars and Pakistan’s government has to pay three billion dollar interest every year against these loans.
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