WAQAR ZAKA vs FEDERATION OF PAKISTAN arts — 2022 MLD 1134 KARACHI-HIGH-COURT-SINDH

Case information

Citation: 2022 MLD 1134 KARACHI-HIGH-COURT-SINDH
Court: Sindh High Court
Year: 2022
Reporter: MLD
Parties: WAQAR ZAKA vs FEDERATION OF PAKISTAN arts
Subject matter: Constitutional

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

WAQAR ZAKA VS FEDERATION OF PAKISTAN arts.199 & 18---Constitutional petition---Freedom of trade business or profession---Crypto currency, legality of---Scope---Petitioner wants to open the business concerning crypto currency exchange in Pakistan---Committee was constituted to meet and decide whether it would be prudent to allow any kind of business in crypto currency in Pakistan keeping in view art.18 of the Constitution, which is a fundamental right concerning the freedom of trade, business or profession---Committee, in the present case, has recommended a complete ban on all crypto currency and unauthorized operations of exchanges dealing in crypto currency---Committee is directed by the High Court to send a copy of the report to the Ministry of Finance and Ministry of Law, who shall consider the same at a joint meeting and shall reach a final decision whether or not crypto currency in any form is to be allowed in Pakistan and if so, what the regulatory framework would be of such business---Ministries shall submit their joint recommendations on the next date of hearing.

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