The Financial Institutions (Recovery of Finances) Ordinance
THE FINANCIAL INSTITUTIONS (RECOVERY OF FINANCES) ORDINANCE, 2001 ORDINANCE NO. XLVI OF 2001 AN ORDINANCE to repeal, and, with certain modifications, re-enact, the Banking Companies (Recovery of Loans, Advances, Credits, and Finances) Act, 1997. While it is realistic to annul and with precise modifications, re-order the Financial Organizations (Recuperation of Credits, Advances, Credits, and Funds) Act, 1997, for the reasons hereinafter displaying; AND WHEREAS the President is glad that circumstances exist which render it important to take instantaneous movement; Presently, Thusly, in the compatibility of the Declaration of Crisis of the fourteenth day of October 1999 and Temporary Constitution Request No. 1 of 1999, study with the Temporary Constitution (Revision) Request No . Nine of 1999, and in exercising all powers allowing him on that behalf, the President of the Islamic Republic of Pakistan is thrilled to make and promulgate the following Ordinance:- Short na...