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MUHAMMAD IQBAL KHATTAK versus FEDERATION OF PAKISTAN


Sections 3 (1) (b) and 11 (3) (a) of the Ordinance of Banking Companies (LVII of 1962), Section 41 Article 193, Article 199 (1) of the State Bank of Corporate / Commercial Banking Constitution of Pakistan 1973 XI) The constitutional petition was written by the President of the Bank of Qua Vunto and the Applicant of Applicant as the plaintiff appointed the plaintiff on the grounds that Zara Development Bank did not require eligibility for the post, followed by banking. He had no experience and never held any office in any bank. The experience of the practitioner was limited to the sugar industry where he was considered an expert analyst and an authority on the subject and he was also the head of an association. The respondent does not have a degree in banking, finance, economics or business administration. And did not meet the fit and proper test given the qualifications and experience set by the State Bank of Pakistan, which also described the refusal of the State Bank of Pakistan to appoint him as President of the Zara Development Bank, or Responding to the adoption of President Zara's appointment as President of the Bank was illegal because he was b. The provisions of section 41 of the Ordinance of the Companies Companies, 1962, were violated; Section 11 (3) (a) of the State Bank's Production Regulations and Banks (Nationalization) Act of 1974 for Corporate / Commercial Banking, because the State Bank Neither clearance nor clearance was given by the Off-Pakistan nor did he qualify for the post of President Zarai Development Bank, as he had no banking experience. The High Court ruled that the appointment of defendants to the post of President Zarai Tarakati Bank was illegal.

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