The court, however, rejected the prayer for issuance of stay order and adjourned the proceedings till next date of hearing.
NOTICE ISSUED TO SBP: The LHC has issued notice to the State Bank of Pakistan (SBP) in a petition against withdrawal of Re5 currency notes.
The petitioner, a senior member, Lahore High Court Bar Association (LHCBA), M.D. Tahir contended that due to action of the respondent SBP, the people of Pakistan are facing hardships. He, therefore, prayed to the court to declare the decision of the respondent bank as illegal, unconstitutional and without lawful authority. The court, after hearing the petitioner at length, issued notice to the respondent bank and called for reply.