The State Bank of Pakistans suggestion to Supreme Court to set up a commission headed by a retired justice mandated to look into the cases of written-off loans and bring the culprits to book under the framework of Pakistan Commission of Inquiries Act 1965 should be welcomed. While the apex court that has already taken a suo moto notice of the loans waived under a scheme introduced by General Musharraf, it is good to know that Justice (retd) Saleem Akhtar has agreed to head the commission. The SC also listened to the arguments of the Attorney General who suggested that action should be taken against dishonest bankers who had approved the loans in gross violation of rules. It is good to know that the commission would also try to develop a mechanism that could prevent the writing off of loans on political grounds. However, at the same time, the proposal floated by PML-N leader Captain (r) Muhammad Safdar to set up a commission with the power to probe the international aid and its spending by civil and military administrations is highly important. It is a matter of great relief to know that the SC is in the vanguard of the fight against corruption and recover the nations looted wealth. While one hopes that strict action will be taken against sham loan defaulters, there would be genuine business entities which went bankrupt and had consequently got their loans written off. The practice has been that the bigger the loan, the easier to get it waived. It is no wonder that the beneficiary wields enough power and influence to make the bankers sing to their tunes. Unfortunately, it is also a reality that those who genuinely deserve credit from banks are seldom entertained. Recent experiments on micro credit reveal that it is these small entrepreneurs who tend to return the money within the stipulated time. Therefore, the banks would also have to realise this factor. They must also bid farewell to the practice of doling out hefty loans to unscrupulous borrowers.