The Punjab Usurious Loans Ordinance, 1959 Law in Pakistan.

The Punjab Usurious Loans Ordinance, 1959, is a legal ordinance enacted in Pakistan, specifically applicable to the Punjab province. This ordinance is designed to combat the issue of usurious loans, which are loans provided at excessively high interest rates, often leading to exploitation and financial hardship for borrowers. The ordinance aims to protect borrowers from unscrupulous money lenders by regulating the terms and interest rates associated with loans. It imposes legal limits on interest rates and provides mechanisms for borrowers to seek redress in cases of usury.

The Punjab Usurious Loans Ordinance, 1959 in PDF Format, Link Below:-

The Punjab Usurious Loans Ordinance, 1959

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