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Sindh High Court Summons in Dubai Islamic Bank Recovery Suit No. 29 of 2026

Karachi · The News International,

Notice advertisement published in The News International on Saturday, 31 October 2026, listed under Karachi.

Newspaper clipping: Sindh High Court Summons in Dubai Islamic Bank Recovery Suit No. 29 of 2026, The News International, 31 Oct 2026 Open the full-size clipping
Original clipping · The News International · 31 Oct 2026 · tap to zoom

Advertisement details

The High Court of Sindh at Karachi has issued summons in Suit No. (Banking 29) of 2026, filed by Dubai Islamic Bank Pakistan Ltd. against Zahid Rasheed and others for recovery of PKR 191,802,066.62 under Section 9 of the Financial Institutions (Recovery of Finances) Ordinance, 2001.

DefendantDetails and Address
Zahid RasheedSon of Abdul Rasheed and sole proprietor of Al Rehman Traders, with offices at 311, 3rd Floor, International Trade Center, adjacent to the Chamber of Commerce, Karachi.
Shamim AkhterWife of Zahid Rasheed.
Abdul RasheedSon of Khawaj Muhammad Khan.

All three defendants reside at House No. 88-90, Defence View, Phase-II, Karachi.

The defendants are summoned to obtain leave from the Court to defend the suit within 30 days of service. In default, the plaintiff will be entitled, after expiry of that period, to obtain a decree for the amount claimed, together with such markup, if any, as the Court may order.

An application for leave to defend must provide details concerning the finance and take the form of a written statement containing a summary of the substantial questions of law and fact, supported by documents requiring evidence to be recorded and showing why the defendants should be allowed to defend the suit.

The matter is fixed before the Additional Registrar (OS) on 13 November 2026 at 9:30 a.m. If the defendants fail to appear on that date, the suit will be heard and determined in their absence.

The summons was issued under the hand and seal of the Court on 30 October 2026, by order of the Assistant Registrar (OS-II).

Published in The News International on Saturday, 31 October 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.

The News International · 31 Oct 2026
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