Supreme Court disposes review petitions filed against merger of KASB and BankIslami

By MG News | December 18, 2018 at 12:25 PM GMT+05:00

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December 18, 2018 (MLN): Bank Islami Pakistan has received certified copies of order dated 06.12.2018 of the Honorable Supreme Court of Pakistan, in two Civil Review Petitions filed by Mr. Nasir Ali Shah Bukhari and Ms. Ghazala Monem.

According to the notification issued to PSX, the petition was filed with regard to merger of the Defunct KASB Bank Limited with Bank Islami Pakistan Limited.

The Honorable Supreme Court vide this order dated 06.12.2018 and disposed of the Review Petitions.

Previously, the Honorable High Court of Sindh and the Honorable Lahore High Court had already disposed of cases for setting aside the regulatory merger of the Defunct KASB Bank into Bank Islami.

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