Sindh High Court hears dispute over Rs. 24 billion...

Summary

• 24 billion payment for the export of black scorpions to a German company has come before the Constitutional Bench of the Sindh High Court with petitioners seeking the release of funds they claim remain unpaid.
• Representing the applicants, Advocate Sajid Mehboob told the court that the German company had transferred the money through Barclays Bank to Pakistani banks.
• The applicants have asked the court to order an independent investigation led by a senior State Bank official to establish what happened to the claimed payment and determine whether banking procedures were properly followed.

AI Generated Summary

KARACHI: A legal dispute over an alleged Rs. 24 billion payment for the export of black scorpions to a German company has come before the Constitutional Bench of the Sindh High Court with petitioners seeking the release of funds they claim remain unpaid.

The petitioners, Muhammad Siddique Allah Razi Riaz Ahmed and others maintain that they supplied black scorpions to a German firm under an agreement signed in 2014. They allege that the payment connected with the transaction has not been made available to them despite the claimed transfer through banking channels.