Valuable feedback needed - bank default

I am planning to apply for skilled immigration for Canada. Before applying I was just thinking that there are a couple of pakistani banks from which I had taken credit cards. the limit for each card was around PKR. 35000 (almost CAD 450). I went to dubai and did pay a lot of bills and used the credit cards. But due to some family financial problem  I could not continue to pay off the credit card bills. The limit exceeded and I later shifted to another city in pakistan . I also had a loan from a bank which I paid off . well almost paid it off as i took PKS. 95000 and paid 87000 out of it. the bank stopped calling for payments and it has now been more than a year that I havent paid anything to the banks. a few months ago I went to dubai again, to srilanka, to malaysia and there was no problem at the immigration. I also got my passport renewed in pakistan and there was no problem. 

I was just curious  that as i have not yet paid the banks and I am a defaulter .. may it be on a very low scale but would it create any problem for my immigration application and visa process for Canada. I would really be thankful if you people provide your valuable feedback as i will be applying in the next 3-4 days, my application is complete. I do not want to just lose my processing fee due to this bank defaulter problem.

Please note  - I have no plans of not paying the banks back. I will be doing it in next few months and most probably before moving to Canada. So I would like to have your valuable comments.

Thanks in advance and wish me luck if I apply for immigration.

@ Arctic and keshaab - brothers yes at the moment the funds as I have some investment in property but If i take it out and pay the banks I will be short of about 4000 CAD.. and I will not be getting the profit returns for next couple of months as well. The amount is not that big I can pay it off in end of this year from my returns so the funds for canadian immigration would not be affected.

One more thing just came to my mind ... the passport expiry of my spouse is  july 30, 2010. It is the electronic passport and mine is valid till 2014 so sending the application in next couple of days would be fine i guess?

Any last minute suggestions brothers? 

Any suggestions? Personal messages are welcomed.

I stayed in usa for 10 years on a working visa and I had some immigration issue in USA, moved to canada 1 months ago.