Md Rezau) Karim. Vice Chairman of Bangladesh Jute Association (BJA) demanded immediate implementation of the government order in the private banks — Uttara and Pubali Bank Ltd — regarding waiver of interest and rescheduling of arrear bank loans, says a press release yesterday.

Karim said that although Ministry of Finance vide their latest circular dated December 12. I 995 -has made "compulsory" for the private banks to implement the government decision, only IFIC Bank has so far Implemented this order.

.The Vice-Chairman of BJA said that inspite of Ministry of Finance reminder letter dated

Februaiy 7. 1996 these two private banks have not taken any stepS in the matter resulting of which about 50 distressed borrowers are being deprived of getting benefit from waiver of interest.

Karim urged the government to take necessary action regarding implementation of the order dated December 12. 1995 so that the distressed jute borrowers of Uttara and Pubali Bank Ltd can get their due benefit including waiver of interest.

He also urged all concerned banks both private and public to finance the distressed jute traders and exporters so that they can repay the segregated amount by doing business.