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And the federal government has been ordered to completely abolish interest rates and implement a usury-free banking system in the country within a period of five years. [2] On June 25, 2022, State Bank of Pakistan along with four other banks challenged the decision of the Federal Shariah Court against interest in the Supreme Court. [3]
The Section 154 in the Code of Criminal Procedure, 1973, of India states: . Every information relating to the commission of a cognizable offence, if given orally to an officer in charge of a police station, shall be reduced to writing by him or under his direction, and be read over to the informant; and every such information, whether given in writing or reduced to writing as aforesaid, shall ...
CRPC or CrPC may refer to: ... Code of Criminal Procedure (India), or Criminal Procedure Code (CrPC) Consumer Rights Commission of Pakistan; ... Text is available ...
The Pakistan Penal Code (Urdu: مجموعہ تعزیرات پاکستان; Majmū'ah-yi ta'zīrāt-i Pākistān), abbreviated as PPC, is a penal code for all offences charged in Pakistan. It was originally prepared by Lord Macaulay with a great consultation in 1860 on behalf of the Government of British India as the Indian Penal Code .
The FMU was headed by a Director and its reporting entities were the regulated Banking Institutions coming under the ambit of the central bank. [2] After the approval of the Anti-Money Laundering Act, 2010, FMU was established as an autonomous government agency under the law in order to act as the Financial Intelligence Unit of Pakistan.
After independence, the State Bank of Pakistan was established as the central bank of the country, with its headquarters in Karachi. Prior to independence, the Reserve Bank of India acted as the central bank for what became Pakistan. Under pressure from the International Monetary Fund, Pakistan implemented economic reforms in the late 1990s. [1]
Under the National Accountability Ordinance, 1999, the NAB was established as the cell's successor, and given the additional responsibility of preventing and raising awareness of corruption. [2] The NAB is also responsible for money-laundering investigations under the Anti-Money Laundering Act, 2010.
National Bank of Pakistan (NBP) is a Pakistani government-owned multinational commercial bank which is a subsidiary of State Bank of Pakistan. It is headquartered in Karachi, Pakistan . As of December 2022, it has over 1,500 branches across Pakistan .