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Kabraji & Talibuddin | Pakistan | 13 May 2022

Pakistan’s Federal Shariat Court: Towards an Interest-Free Economy

The legality of riba charging mechanisms in commercial transactions has been a matter of extensive debate in Pakistan and in Islamic schools of…
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Axis Law Chambers | Pakistan | 21 Apr 2022

Lahore High Court Judgment on Animal Law in Pakistan

In a significant decision for wildlife in Punjab, the Lahore High Court has upheld the Government's ban on the use of electronic decoys and…
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Axis Law Chambers | Pakistan | 13 Apr 2022

The Limited Liability Partnership Regime in Pakistan

Limited Liability Partnerships ("LLPs") did not exist in Pakistan until the relatively recent enactment of the Limited Liability Partnership Act…
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Majeed & Partners | Pakistan | 31 Mar 2022

Pakistan’s Central Bank issues licensing and regulatory framework for digital banks

With a population of more than 220 million people, Pakistan is one of the largest unbanked countries in the world with only 14% of all adults being…
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Majeed & Partners | Global, Pakistan | 31 Mar 2022

Supreme Court of Pakistan endorsed the pro‐enforcement bias of the New York Convention.

The above were the questions that the Hon’ble Supreme Court of Pakistan was invited to adjudicate upon in Orient Power Company (Pvt) ltd v. Sui…
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Majeed & Partners | Pakistan | 31 Mar 2022

SBP allows Pakistani startup companies to get convertible debt finance from abroad.

Pakistan’s Foreign Exchange Regulation Act, 1947 (“FERA 1947”) requires that no person resident in Pakistan shall buy or borrow any foreign exchange…
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Axis Law Chambers | Pakistan | 22 Mar 2022

Employees' Stock Option for Private Companies

Recently, new amendments were made to the primary company law in force in Pakistan, the Companies Act, 2017 (Act…
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Axis Law Chambers | Pakistan | 21 Mar 2022

Start Ups in Pakistan

The year 2021 was a breakout year for start-ups in Pakistan with technology start-ups securing funding worth over $300 million…
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Cadwalader Wickersham & Taft LLP | Pakistan, USA | 25 Feb 2022

International Bank Fined $20.4 Million for BSA/AML Deficiencies

In an Order to Cease and Desist, the Federal Reserve Board ("FRB") determined that the National Bank of Pakistan, through its New York branch…
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Richmond Chambers Immigration Barristers | Pakistan, United Kingdom | 7 Jan 2022

Court of Appeal Rules on Zambrano Carers in RM (Pakistan)

The Court of Appeal has recently issued a judgement in the case of Secretary of State for the Home Department vs RM (Pakistan) [2021] EWCA Civ 1754…
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