ISLAMABAD - Ruling Pakistan Muslim League (Nawaz) leadership has decided to come down hard on all those who had managed their loans written off in the past and in this connection the broader contours of the plan are drawn.

Sources in the government confirmed that in the past couple of weeks, the government financial and legal brains worked out a strategy to hook all those who had got their loans written off on wrong pretexts and despite having flourishing businesses managed it because of their influence in the then governments.

It was decided that all such persons whose list was secured from the State Bank of Pakistan would be probed through National Accountability Bureau (NAB) and Federal Investigation Agency (FIA) to ascertain that in what circumstances they had managed the loans written off and how later they had taken their business fortunes to great heights.

Similarly, action would also be taken against the top bureaucracy, which in the past had abused the power and made huge money which could not commensurate to their known sources of income and a long list of such retired bureaucrats is also with the government which would shortly be given to investigation agencies, sources further informed.

Sources in the PML-N said that the decision of taking action against the former politicians-cum-businessmen and the people from top bureaucracy who are leading affluent lives beyond their known sources of income would be quizzed about their means of income and how they managed to get their loans written off using their clout in the successive governments.

Although the government and opposition parties are engaged in framing fresh terms of reference and way forward on Panama Leaks wherein the cases of loan write-off and corruption would also be incorporated in it, yet the move is mainly aimed to address the opposition’s point of view why the government is not taking action against those who had done something against the law of the land.

The 12-member parliamentary committee would be notified in a next couple of days which would frame consensus terms of reference for proposed judicial commission to be headed by Chief Justice of Pakistan to probe Panama Leaks including loans write-off and misuse of powers in the past.

A veteran parliamentarian said that the move is mainly aimed at witch-hunting of some of the opposition parties MPs, mainly belonging to Pakistan Tehreek-e-Insaf, who had allegedly got their loans written off using their clout in the then governments.

Pakistan Tehreek-e-Insaf leaders have time and again presented themselves for accountability and asked the government to take action against them if they have done something against the law of the land and got some out of the way favours in getting their loans settled in the past.

Even PTI Chief Imran Khan in his address to the National Assembly a couple of days back asked the government to probe his offshore company and the money trail through FIA or NAB to trace out any irregularity in it.

Sources in the PML-N said that the cases of persons who had managed their loans written off in the past through illegal means would be sent to FIA and NAB for thorough probe and would be penalised to settle the same in case of founding illegality in it.

Political analysts saw the move an arm-twisting activity to silence those who are raising voice against the ruling PML-N, mainly the family of Prime Minister Nawaz Sharif, on holding offshore companies and expensive properties in London. It would again bring back the politics of victimisation and vengeance prevalent in 90s due to which the system had greatly suffered, they added.