STATE BANK OF PAKISTAN SECURITIES DEPARTMENT, CENTRAL DIRECTORATE versus JAVED AHMAD
Public Debt Act 1944 Sections 2 (a) and 11 Constitution of Pakistan (1973), Article 185 (3) after the removal of the fake foreign exchange beer certificate, the buyer of this certificate requested the bank to issue a copy. Certificate, but the bank refused to do so, stating that under the rules governing the Foreign Exchange Beer Certificate, the duplicate could not be issued. The High Court declared the bank RR 14 of 1946 as Section 11's Ultra Virus. Issued Duplicate Certificate Issue. The leave to appeal the Public Debt Act, 1944, was passed by the Supreme Court to determine whether the High Court considered R 14 an ultra-virus section 11 of the Public Debt Act 1944. What was the nature of foreign exchange beer certificate and could be considered as bond as the High Court has? Even if the foreign currency barrier certificate is governed by paragraph (iii) of section 2 (a) of the Public Debt Act, 1944. Whether Section 14 (2) of the Rules of 1946 and Section 11 (2) of the Public Debt Act 1944, whether or not they are attracted to the facts and circumstances of the matter, Section 11 (1A) of the Public Debate Act 1944 shall govern this situation. And whether it can exercise the constitutional jurisdiction, the High Court can find the authenticity of the respondents / buyer's claims in the dispute.
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