I fully agree that Habib Bank Ltd has charged a markup on markup from the borrower without any reason.
The State Bank of Pakistan has failed to protect the people and businesses from financial institutions.
Moreover Habib Bank placed the name of such clients without proper verification on the CIB list - no accounts were checked and therefore many respectable textile mills are in the list of CIB.
It is suggested that the State Bank of Pakistan please appoint a team of auditors which ca verify check the markup on markup imposed by the bank on the borrowers.