Ishrat Husain on the banks' write-off

In the speech 'An Analysis of the Bank's Write-off (1999-2003)' given on 26 July Dr Ishrat Husain of the State Bank of Pakistan devoted his remarks to addressing the question of write-offs by Public Sector Banks/Development Finance Institutions (DFIs) during the last three years. It was his duty to explain the rationale as to why write-offs take place and what is the policy guiding these write-offs, he said.

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