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FAROOQ AHMED versus FEDERATION OF PAKISTAN


Ordinance of Banking Companies 1962 Sections 5 (b) and (c) and 27 of the Constitution of Pakistan (1973), Article 18 Freedom of trade and business, which guarantees the invocation of public reserves by the constitution is a fundamental right touchstone. The justification for such a ban. The guarantee of freedom of trade and commerce through Constitution Section 27A is not in conflict with Section 5 (c) of the Ordinance of Banking Companies nor does it violate Article 18 of the Constitution and prohibit public debt.

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