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MESSRS ABDUL AZIZ NAWAB KHAN & COMPANY versus FEDERATION OF PAKISTAN, MINISTRY OF FINANCE

Sections 3 (a) and 25 (a) State Bank of Pakistan BCD Circular No. 1990 1990 1990 1990, CL () Constitution of Pakistan (1973), Article 199 Constitutional Request Complaint of Informer to State Bank of Pakistan It was alleged that the State Bank of Pakistan was provided information to its bank in response to BCD Circular No. 6 of 1990, which resulted in severe damage to their business. The Validity State Bank of Pakistan had developed a methodology for collecting information about their customers and their status of all banks / NBFIs. The purpose of the 1990 BCD Circular No. 6, available to them, was that any financial institution could collect information about the financial status of any user / his or her users with another. Be able to decide on your business transactions. Such an approach can save financial institutions from falling prey to defaulters and the purpose of doing transparent business and providing financial institutions, who had fundraisers before jumping into the financial commitment, information The process of collecting such information was present in many countries, only BCD Circular No. 6 of 1990 was required, to inform the authorities about its default and responsibilities. Informing the State Bank of Pakistan about the financial status of the applicant, the borrower did not violate the provisions of the circular constitutional application axis, except in the case of the Bank and vice versa. attorney vs advocate vs counsel from Bhan Saeedabad lawyer