MESSRS HASSANALI & COMPANY versus FEDERATION OF PAKISTAN THROUGH THE SECRETARY, MINISTRY OF FINANCE, ISLAMABAD
Protection of Economic Reform Ordinance Section 6 of Circular No. 129 of Foreign Exchange 1991, restrictions on operation of non-resident account on August 31, 1991, were completely abolished on Foreign Exchange Circular No. 129, applicable to non-resident. Account in Pakistan which was in rupees, irrespective of whether the name given to such account was a non-resident account or a blocked account, because the essential features of the two accounts were the same within the applicants. There was no justification for limiting the right to a refund. Pakistani banks
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