PAKISTAN METAL INDUSTRIES versus ASSISTANT COLLECTOR, CENTRAL EXCISE AND LAND CUSTOMS
Banking Companies (Recovery of Loans) Ordinance 1979 Section 3W Industrial Development Bank of Pakistan Ordinance (XXXI of 1961), Section 38 With regard to payment of foreign currency and local currency loan lenders in connection with foreign currency loans, installments. The option of scheduling a payment was authorized and could be done one-way through it, however, the local currency loan was payable in sixteen (16) half-yearly installments, which falls on fixed dates. Twenty-four months after the first distribution date, the first installments are due. Not paid by debt, lender authorized to repay all such loans
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