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The banks and EVN Macedonia are prepared to apply for the contest of the Government for writing off the debts according to the Law on Debt Write-off.
It may be pointed out that the Finance Division, Government of Pakistan informed the State Bank that the Prime Minister has approved to extend the facility of writing off of total loans outstanding as on 31-12-2009 to the residents of Lower Dir, Upper Dir, and Shangla Districts of Malakand Division under Fiscal Relief Package.
While poor economic conditions were the main cause of impairments for companies choosing disclosure, almost half of the companies writing off significant portions of goodwill failed to give a reason for the impairment.