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The Supreme Court later referred the decision back to the Federal Shariah Court in 2002 for reconsideration. In its judgment, the Federal Shariah Court declared all legal provisions relating to usury from 1 June 2022 to be non-Shari'a, stating that "interest taken in any case, including debt, falls under the category of usury."
Lahore High Court Sindh High Court A Corner View of the Balochistan High Court Building, Quetta, Pakistan. There is a high court for the Islamabad Capital Territory and four provincial high courts. A high court is the principal court of its province. [1] The Lahore High Court in Lahore, Punjab, [10] with circuit benches at Bahawalpur, Multan ...
After independence, the State Bank of Pakistan was established as the central bank of the country, with its headquarters in Karachi. Prior to independence, the Reserve Bank of India acted as the central bank for what became Pakistan. Under pressure from the International Monetary Fund, Pakistan implemented economic reforms in the late 1990s. [1]
The district courts of Pakistan are courts that operate at the district level, they are controlled by the high courts. [1] District courts exist in every district of each province, with civil and criminal jurisdiction. In each district headquarters, there are numerous additional district and session judges who usually preside over the courts.
As the province of West Pakistan was dissolved in 1970, three high courts were established: Lahore High Court, Peshawar High Court, and Sind and Balochistan High Court (with its principal seat at Karachi). [6] In 1976 the Sindh and Balochistan High Court was split into the High Court of Sind (Karachi) and the High Court of Balochistan (Quetta). [7]
The jurisdiction of the High Court is described in Article 101 of the Constitution of Bangladesh. The High Court Division will deal with original cases, appeals and other judicial functions. Also, under Article 102 of the Constitution of Bangladesh, writ petitions and company and army divisions have original jurisdiction in certain limited ...
Habib Bank Limited (Urdu pronunciation: [ha.ˈbiːb bɛŋk] hah-BEEB-BANK) is a Pakistani commercial bank based at Habib Bank Plaza, Karachi. It is a subsidiary of Swiss-based organisation Aga Khan Fund for Economic Development. Established in 1941 by the Habib Family, it is one of the oldest bank of Pakistan.
In Molvi Tamizuddin Khan case, the Supreme Court headed by Chief Justice Mohammad Munir backed Governor General Ghulam Mohammad's action to dissolve the first Constitutional Assembly. This judgement of Supreme Court is always strongly criticized by all democratic parties of Pakistan and is referred as a root cause of unstable democracy in Pakistan.