Bill amending the Prescription Ordinance (Chapter 68) (dated 10/11/2023) – Ministry of Finance, Economic Stabilization and National Policies
View Pdf– Bill amending the Prescription Ordinance (Chapter 68) (dated 10/11/2023) – Ministry of Finance, Economic Stabilization and National Policies.
The Ministry of Finance, Economic Stabilization, and National Policies introduced a bill proposing amendment to Section 5 of the Prescription Ordinance (Chapter 68) specifying that an action for the recovery of any sum due upon any mortgage of any property or any bond for the payment of money shall be prescribed after ten years from the date of giving notice to the debtor. Please refer the bill for more details.
