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Monday , September 26 2022

Extend suspension of loan repayments

This post has been read 118468 times!

KUWAIT CITY, Oct 12: MP Sa’adoun Hammad has asked the government to extend the suspension of collecting loan payments from citizens for another six months.

MP a’adoun Hammad

Hammad disclosed several MPs previously submitted proposals on extending the suspension of collecting loan payments, but the government has not responded until now.

He said the decision of the National Fund for Small and Medium Enterprises to suspend the collection of loan payments from its beneficiaries for another six months has exposed the government and put the latter in an embarrassing situation.

He cited the press statements issued by health authorities that the coronavirus pandemic continues and the probability of a second wave is high. Commenting on the same issue, MP Osama Al-Shaheen praised the decision of National Fund for Small and Medium Enterprises.

He then appealed to other funds, banks and institutions – including the Public Institution for Social Security – to take a similar decision. He added the corona pandemic has affected not only businesses but also individuals and families who are in urgent need of support through the suspension of their loan payments for another six months.

In another development, MP Mohammad Haif lauded the decision of the Information Ministry to suspend the airing of news programs on Kuwait TV and Radio Kuwait in order to broadcast the call for prayer (Azan).

Haif revealed he is optimistic about the decision as it conveys a message of commitment to protect the Islamic identity of Kuwait and respect the Islamic concepts.

By Saeed Mahmoud Saleh Arab Times Staff and Agencies

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