Punjab Chief Minister Shehbaz Sharif. Photo: Geo News file 

LAHORE: Punjab Chief Minister Shehbaz Sharif on Sunday alleged that the corrupt elite of the country have looted the exchequer.

?...the corrupt elite have got their loans worth billions of rupees written off by using their influence and positions,? wrote Shehbaz on twitter.

He had earlier presided over a ceremony to distribute interest-free loans among 25,000 families under the Chief Minister?s Self-Employment Scheme ? an initiative that claims to have benefited 1.85 million households.

?During six years, loans worth Rs40billion have been distributed among the poor, enabling them to transform their lives,? Shehbaz tweeted.

?The return rate of the loans under CM's Self-Employment Scheme is 99.9%, something that strengthens one's conviction in the bright future of our motherland.?

He further stated that economically empowering families becomes an example for many more and ?the light continues to spread.?