Section 2 Constitution of Pakistan, Article 199 Constitutional Application State Bank of Pakistan, FE Circular No. 16, Dated 24 6 1999 During the economic emergency of 1998, the applicant was a foreign citizen who had acquired foreign currency in several banks. The foreign currency reserves were kept. During the economic emergency of 1998 and the introduction of the Foreign Exchange (Temporary Sanctions) Act 1998, the interest rate was that it remained abroad and there was no notice from the banks and when they were withdrawing from the banks. When contacted, at the time of opening of the account, it was denied interest on its original amount, on the other hand the dispute of the responding banks was that the applicant was aware of the progress and never had the banks. Applicant failed to approach defendant banks for receipt or W in accordance with State Bank FE Circular No. 16 dated 24 6 1999 It was the incomplete amount of money and that the applicant did not give specific instructions on the future use of the money left with the banks, however the bank was required to return the original amount with a nominal nominal rate of 05% per annum. Ready that the applicant failed to make an urgent demand and failed to renew the original contract in relation to fixed deposits, thus the banks were neglected as to whether the applicant could continue or close the arrangement. , As the applicant cannot request. Responsible for delay in complying with the demands of the responding banks, knowing about the applicant's money change and legislative change
Related judgments — Lahore High Court Lahore, 2014
