[3] The film, a costume drama, involved the Prince Pervez on the run from an arranged marriage to a princess, only to fall in love with her when they meet in unusual circumstances.

Pervez (K. L. Saigal), heir to the throne of Kascand flees from his kingdom when he finds that his mother (Shyama Zutshi) along with the Wazir (Gul Hamid), has arranged his marriage with the princess (Rajkumari) of Bijapore.

Cast according to the opening credits of the film The music of Karwan-E-Hayat has been credited to two music directors, Mihir Kiran Bhattacharya and Timir Baran Bhattacharya, with lyrics by Hakim Ahmad Shuja Pasha, the famous Urdu poet and writer from Lahore.

Three of the songs in the film were released on 78 rpm records, and all of them are credited to Timir Baran as a composer.

The film's booklet mentions only the name of Mihir Kiran Bhattacharya as the composer, but no single song has been specifically attributed to him as such.