Bank Alfalah Recovery Suit in Banking Court IV Karachi for Rs 77,844,838.94

Bank Alfalah has instituted a recovery suit (Case No. 123/2026) in Banking Court IV, Karachi, claiming Rs 77,844,838.94 plus mark-up, charges and recoveries against multiple defendants. Named respondents include Hussain Iqbal (son of Iqbal Hussain Agha), Raza Iqbal, Shazia Iqbal and several corporate entities.

Defendants are directed to obtain permission to appear by filing a written statement; failure to respond may lead the court to decide the matter ex parte and grant relief in favour of the plaintiff. Notice issued under court seal on 2026-07-23 by Reader, Banking Court IV, Karachi.