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STATE BANK OF PAKISTAN versus SALMAN ASSOCIATES (PVT.) LTD., KARACHI


Definitions of Sections 27 (1) and 83 (1C) / 43A of the Ordinance of Banking Companies 1962 were found in the Defendants disregarding the directions issued by the State Bank under Section 43A and consequently Under Section 83 (1C) of the Ordinance, the accused were convicted for violation of Section 43A and were punished accordingly.

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