Banking Court III Karachi Summons in BankIslami Recovery Suit No. 178 of 2026

Mrs. Naushaba Kazi, Judge of Banking Court No. III at Karachi, has issued summons in Suit No. 178 of 2026, filed by BankIslami Pakistan Limited for recovery of Rs. 2,894,458, together with profit, rental, additional rental, charity, cost of funds, suit costs and sale of the mortgaged property under Section 9 of the Financial Institutions (Recovery of Finances) Ordinance, 2001.

The court is located at Block No. 50, Pakistan Secretariat, near Passport Office, Saddar, Karachi. The plaintiff's registered office is at the 11th Floor, Executive Tower, Dolmen City, Marine Drive, Block-4, Clifton, Karachi.

Mortgaged property: Flat No. E-305, third floor, Sarah Avenue, Sub-Plot No. FL-2/E-5 of Plot No. FL-2, Sector No. 13-C, situated at Corridor, K.D.A. Scheme No. 33, Karachi.

The defendants are summoned to obtain leave from the court to appear and defend the suit within 30 days of service of the summons and to have an appearance entered within that period. An application for leave to appear must be supported by an affidavit or declaration showing a defence on the merits or reasonable grounds for permission to appear.

In default, the plaintiff may obtain a decree after expiry of the 30-day period for an amount not exceeding Rs. 2,894,458, together with costs, markup and cost of funds from the date of institution of the suit, as ordered by the court.

Hearing: December 3, 2026, at 9:00 a.m. before Banking Court No. III, Karachi. The summons was issued under the court's hand and seal on October 28, 2026, by order of the Reader, Banking Court III, Karachi.