GILGIT ACT NO. VII OF 2012
GILGIT-BALTISTAN COUNCIL, FINANCIAL INSTITUTIONS (RECOVERY OF FINANCES) (ADAPTATION) ACT, 2012
An Act to adapt and to enforce the Financial Institutions (Recovery of Finances ) Ordinance, 2001 of Pakistan in Gilgit-Baltistan
[Gazette of Pakistan, Extraordinary, Part-I, 6th June, 2012]
No. C-1 (2)/2012 GBC—The following Act, passed by the Gilgit-Baltistan Council on 21st March, 2012 and authenticated by the Chairman, Gilgit-Baltistan Council/Prime Minister of Pakistan, is hereby published for general information.
WHBREAS it is necessary to adapt and to enforce Financial Institutions (Recovery of Finances) Ordinance, 2001 (XLVI of 2001) as in force in Pakistan and to provide for matters connected therewith or ancillary thereto;
It is hereby enacted as follows :—
1. Short title, extent, and commencement.—(1) This Act may be called the Gilgit-Baltistan Council, Financial Institutions (Recovery of Finances) (Adaptation) Act, 2012.
(2) It shall extend to the whole of Gilgit-Baltistan,
(3) It shall come into force at once.