ABDUR RASHID vs THE STATE BANK OF PAKISTAN AND ANOTHER Case No — 1970 PLD 344

Citation: 1970 PLD 344

Court: Sindh High Court

Year: 1969

Decision Date: 1969-10-28

Parties: ABDUR RASHID vs THE STATE BANK OF PAKISTAN AND ANOTHER

Headnotes

Result: Suit dismissed JUDGMENT JUDGMENT The plaintiff, who is the proprietor of Kenayan Carpet Industries, has claimed a decree for its. 2,00,000 against the State Bank of Pakistan and its Deputy Assistant Controller, Foreign Exchange, namely, Qamarul Islam Siddiqui, on account of the prosecution of the plaintiff under the Foreign Exchange Regulations Act, 1947, which prosecution is alleged by the plaintiff to be malicious.

Judgment Text

Court Name: Sindh High Court Judge(s): Noorul Arfin Title: ABDUR RASHID vs THE STATE BANK OF PAKISTAN AND ANOTHER Case No.: Suit No. 150 of 1967 Date of Judgment:1969-10-28 Reported As: PLD 1970 Karachi 344 Result: Suit dismissed JUDGMENT JUDGMENT The plaintiff, who is the proprietor of Kenayan Carpet Industries, has claimed a decree for its. 2,00,000 against the State Bank of Pakistan and its Deputy Assistant Controller, Foreign Exchange, namely, Qamarul Islam Siddiqui, on account of the prosecution of the plaintiff under the Foreign Exchange Regulations Act, 1947, which prosecution is alleged by the plaintiff to be malicious. The claim is made in the circum--stances mentioned hereunder. 2. The plaintiff exported two consignments of woollen carpets to Kenya. One consignment of the value of Rs. 19,240 was exported in January 1960 under G. R. P. Form No. 275549. The other consignment of the value of Rs. 13,727 was exported in March 1960 under G. R. P. Form No. 275541. Under the conditions of these forms, which conditions are prescribed under the Foreign Exchange Regulations Act, 1947, the sale proceeds of the goods had to be repatriated to Pakistan within four months from the date of export. Except for a sum of Rs. 2,666-10-8 received in April 1960, the sale proceeds did not come to Pakistan for a long time and consequently the branch of the Special Police Establishment attached to the State Bank of Pakistan started investigations against the plaintiff, after completion…

Read the full judgment on Al Wakeelo — Pakistan's AI-powered legal research platform.