2.     Adaptation of Finance Act, 2014 of Pakistan.–The Finance Act, 2014 (IX of 2014), hereinafter referred to as the said Act, as in force in Pakistan immediately before the commencement of this Act and all rules made and notifications issued thereunder are adapted and shall, as far as practicable, be in force in Gilgit-Baltistan subject to the following modifications, namely:–

(1)      the expressions “Pakistan”, “Government”, “Federal Government”, “Federal Board of Revenue” or any other expression howsoever worded, referring to any Executive Government, shall, as far as practicable, be construed to refer to the “Gilgit-Baltistan”, the “Gilgit-Baltistan Council”, the “Board of Revenue” and the reference to Pakistan or any part of Pakistan shall be construed to refer to Gilgit-Baltistan;

(2)      the expression “Provincial Government” shall be construed to refer to the Gilgit-Baltistan Government; and