The head of the Zarai Taraqiati Bank Limited wants the names of defaulters made public. His order to employees of the banks violates the federal government’s call for relief in debt payments amid the coronavirus pandemic.
The bank CEO expressed frustration over the “poor performance” of field officers in recovering money from borrowers during an Economic Coordination Committee meeting on Monday.
He asked his bank managers and other senior officials to be in touch with the defaulters via WhatsApp, keep a track of their live location and share that in their office group during working hours (10am to 4:30pm).
The CEO has asked bank officials to utilise their contacts and relationships for this. He also wants them to publicise the borrowers’ information in newspapers, television, distribute pamphlets and even stick them in public places.
Mosque prayer leaders could also be asked to announce their names on loud speakers. He also suggested having transgender persons go door to door to announce their names.