Legislation Delegated legislation Precedent/case law
Act/Ordinance Rules, Regulations, Code Judgment
Guide Lines S. 92 (Banking Federal Government to make rules Ordinance) with consultation with State Bank.
S. 54 (State Bank Act) Central Board to make regulations.
S. 39 (PEMRA Power to make rules. Ordinance) S. 21 (PBC Act) Power to make rules by Federal Government. Regulation by Board. DELEGATED LEGISLATION EXAMPLES: Prime Legislation Passed By Delegated Made By Legislation Companies Companies Ordinance, 1984 President Rules, 1985 The companies SECP (invitation and acceptance of deposits) rules, 1987 Income Tax Income Tax FBR Ordinance, 2001 President Rule, 2002
Banking Presidential SBP
Ordinance, 1962 President Regulation, 2011
Sales Tax Act, Sales Tax Rule,
1990 Parliament 2006 FBR Normal Hierarchy Special Enactment Quasi Judicial Court
Federal Supreme Court Federal Shariat Court State Bank of Pakistan
Provincial High Court Appeal to Supreme Court Securities & Exchange
Shariat Bench Commission of Pakistan
District District & Banking Court Competition Commission
Sessions Court of Pakistan
City City Court Labour Courts Federal Board of Revenue
National Accountability Court HISTORY LAW REPORTS PRINCIPLE FOR JUDICIAL PRECEDENT Common law in 10th Title Century Carlill V Carbolic Question of law Morman Conquest Smoke Ball Co Year Question of facts (1066) (1893) Volume 41 AER- It must form part of 402 the Ratio deciding Magna Carta in 12th the case Century Contents: The preceding court King John Earlier case cited must have had a (1215) Previous history of superior status to the the litigation later court Equity Law in 14th Facts Century Verbatim text of the Lord Chancellors judgment Human Right issues Constitutional Laws Ayat #.36 Surah-e-Nisa Procedural Laws issues Evidence/Qanun-e-Shahadat Ayat #.135 Surah-e-Nisa Commercial Laws issues Contract Laws Ayat #.282 Surah-e-Baqra Governance issues Corporate Laws Ayat #.7 & 8 Surah-e-Shams Interest issues Banking & NBFC Laws Ayat #.274 278 Surah-e-Baqra