ISLAMABAD:  National Bank of Pakistan has stated that Ittefaq Foundries had paid back their all banks loans, including that of the NBP, and there was nothing outstanding against them.
"Our books show no outstanding against the said group, companies and guarantors, and the reference may kindly be withdrawn," said the NBP  Executive VP in a letter addressed to the National Accountability Bureau. The letter further stated all petitioner banks have received full and entire amount of their claims, and there is nothing outstanding.
The subject matter of Reference No. 11 of 2001 pending in the Accountability Court, Rawalpindi, was filed on the premise of default, the letter mentioned.–APP