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Scope of car finance facility for its Officers and Judges

Lahore High Court, Lahore has widened the scope of car finance facility for its LHC13-480x238 of District Judiciary.

The car leasing scheme is being supervised by a Committee consisting of Mr. Justice Ijazul Ahsan and Mr. Justice Syed Mansoor Ali Shah.

With latest modifications in entitlement plan officers will get 800 to 1300 CC cars of white or black colour of specific companies. This step will enable the Judicial Officers, having no conveyance of their own, to reach their place of duty in a dignified and respectable manner.

In first category LHC Officers in BS-17 to 19 and Senior/Civil Judges will be entitled to apply for 800 to 1300 CC Suzuki (Mehran, Cultus & Swift), Toyota (XLI). In second category LHC Officers in BS-20 and Additional District & Sessions Judges can apply for 800 to 1300 CC Suzuki (Mehran, Cultus & Swift), Toyota (XLI & GLI). In third category LHC Officer in BS-21 and District & Sessions Judges can opt for 800 to 1300 CC Suzuki (Mehran, Cultus & Swift), Toyota (XLI & GLI), Honda (City).

It is expected that a bulk of Officers will benefit from the revised scheme. Earlier Lahore High Court held parleys with almost all the leading banks and after a long deliberations selected MCB Bank Limited which offered an affordable package. A competitive markup which is 3% less than the market rate will be charged by this package. Under the car financing facility, the Officers will pay price of car of their choice in easy installments. The period of car finance facility will range from 01 to 07 years. LHC had sought applications from the Officers and uptill now 60 Officers have opted for this facility. All Officers are eligible for the facility except probationers, officers having less than one year service at their credit or those facing regular enquiry. Applicants opting for this facility will have to seek prior permission from the Lahore High Court, Lahore and open salary account with MCB Bank Limited.

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