Askwakeel.pk has dedicated team of professional lawyers who have extensive experience in assisting clients with banking law issues in Pakistan. Askwakeel.pk also provides assistance in all type of regulatory applications to the banking authorizes as well as defensive assistance in personal civil liability actions instituted against officers and directors of financial institutions for alleged breaches of their legal duties and responsibilities as officers or directors of such institutions.
Most offences under banking and finance are administered under Financial Recovery Ordinance, 2001 in special courts named as banking courts in Pakistan. Offenses may also be tried under civil courts and through other courts if circumstances permit.
Every Banking Transaction between the Bank and the Consumer is governed through the Banking legislations and the signed contract. Banking Courts play an important role in recovery of loans and as regulator for the financial institutions, further a Banking Mohtasib is also in place to redress the grievance against the Bank. Criminal law is also applicable in financial crimes.