CPC 1908 § 34B — Interest, etc

Statutory text (English)

on dues of banking company.— Where and in so far as a decree is
for payment of money due to a banking company in repayment of a loan advanced by it, the Court
shall, in the decree, provide for interest or return, as the case may be, on the judgment debt from the
date of decree till payment—
(a) in the case of interest-bearing loans, for interest at the contracted rate or at the
rate of two per cent above the bank rate, whichever is the higher ;
(b) in the case of loans given on the basis of mark-up in price, lease, hire-purchase
or service charges, for the contracted rate of mark-up, rental, hire or service
charges, as the case ma ybe, or at the latest rate of the banking company for
similar loans, whichever is the higher ; and
(c) in the case of loans given on the basis of participation in profit and loss, for
return at such rate, not being less than the annual rate of profit for the preceding
six months paid by the banking company on term deposits of six months
accepted by it on the basis of participation in profit and loss, as the court may
consider just and reasonable in the circumstances of the case, keeping in view
the profit-sharing agreement entered into between the banking company and
the judgement debtor when the loan was contracted.

Explanation.— In this section in clause (a), “bank rate” has the same meaning as in section

Source and verification

Source citation: CPC (Act V of 1908) s.34B: Pakistan Code portal consolidated official PDF 'THE CODE OF CIVIL PROCEDURE, 1908' (Act No. V of 1908; portal status 'Under Review'; reflects amendments through the CPC (Amendment) Act, 2023 incl. inserted s.159), p. 22, 23, ingested 2026-09-15. Automated transcription from official source (pypdf extraction, audited artifact repair); human admin re-check required before production.

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Historical text notes

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• Date not confirmed: Consolidated current text as published in the official Pakistan Code PDF (p. 22, 23) — reflects all amendments recorded in the official footnotes up to ingest date 2026-09-15. Automated transcription; per-amendment…

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