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STATE BANK OF PAKISTAN, SECURITIES DEPARTMENT versus NAVED AHMAD


Five Year Foreign Currency Beer Certificate Rules 1992 Section 11 Public Debt Act (XVIII of 1944), Sections 2 (2) (a) (iii), 11 and 11 (1A) Public Debt Rules, 1946, R14 Constitution of Pakistan (1973), Arts 1850) and 199 the Supreme Court allowed an appeal to consider whether the High Court found that 5-year foreign exchange beer certificate rolls, 8 percent of the 1992 Public Debt Act Section 11 of 1944 contains the Ultra Virus. That was the nature of the foreign exchange beer certificate, and could it be treated as bond as the High Court found? Whether the foreign currency beer certificate was governed by section 2 (2) (a) (iii) of the Public Debt Act, 1944. Whether the Public Debt Rules, section 14 (1) of R14 and Public Debt Act 1944 of 1946, were attracted to the facts and circumstances of the matter or Section 11 (1A) of the Act shall govern this situation and That in accordance with the constitutional jurisdiction, the High Court can ascertain the truth of the respondents' claims

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