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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."
The judiciary of Pakistan is the national system of courts that maintains the law and order in the Islamic Republic of Pakistan. Pakistan uses a common law system , which was introduced during the colonial era , influenced by local medieval judicial systems based on religious and cultural practices.
In March 2006, the Government of Pakistan selected Citigroup, Deutsche Bank, and JPMorgan to manage a new international bond issuance valued at $500 million. [ 4 ] In May 2021, Water and Power Development Authority , an organization administered by the Government of Pakistan, issued $500 million eurobond at a coupon rate of 7.5 percent to fund ...
The Supreme Court Museum serves as an invaluable repository for preserving the Judicial History of Post and pre-Independence era for future generation.: 1–2 [86] The Museum's collections include fine arts, oral histories, photographs, personal belongings of judges and chief justices and an archival collection of rare documents.: 2 [86] These ...
The Supreme Court building on Constitution Avenue, Islamabad. The Supreme Court of Pakistan is the highest and apex court in the judicial hierarchy of Pakistan. [1] Its judicial membership currently composed of the Chief Justice of Pakistan and fifteen senior justices, also consisting the ad hoc appointments of the Shariat Appellate. [2]
The night view of Shah Faisal Mosque.The Mosque occupies a unique and cultural significance in Pakistan. The economic policies proposed under the banner of "Islamisation" in Pakistan include executive decrees on Zakāt (poor-due), Ushr (), judicial changes that helped to halt land redistribution to the poor, and perhaps most importantly, elimination of riba (defined by activists as interest ...
A writ of attachment is filed to secure debt or claim of the creditor in the event that a judgment is rendered. [ 2 ] Foreign attachment procedures have existed from time to time in Scotland , where it was known as arrestment ; in France , where it was known as saisie arret ; in the U.S and elsewhere.
There are five high courts of Pakistan, each based in the capital city of the four provinces, plus one in the federal capital, Islamabad. Articles 192 to 203 of the Constitution of Pakistan outline the constitution of the courts, appointment of the judges, their oath of office, and jurisdiction of the high courts.