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ACT I of 2007 ACT I of 2007 BALOCHISTAN GENERAL PROVIDENT INVESTMENT FUND ACT, 2007 An Act to provide for establishment of a General Provident Investment Fund in the Province of Balochistan. [Gazette of Balochistan, Extraordinary, 13th June, 2007] No. PAB/Legis:V(37)/2007, dated 12-6-2007.--The Balochistan General Provident Investment Fund Bill 2007, Bill No.2 of 2007 having been passed by the Provincial Assembly of Balochistan on 29th May, 2007 and assented to by the Governor of Balochistan, on 2nd June, 2007, is hereby published as an Act of the Provincial Assembly. Preamble.--Whereas it is expedient to provide for establishment of a General Provident Investment Fund in the Province of Balochistan. It is hereby enacted as follows:-- 3. Establishment of the fund ---(1) As soon as may be after the commencement of this Act Government shall establish a fund to be known as the Provincial General Provident Investment Fund. (2) The funds shall be established with a capital of Rs . million having been authorized by Government from the Public Accounts of the fund during the financial year. (3) Subject to the availability of resources, with particular reference to its over all liabilities, Government, shall with effect from the financial year . place the annual net receipt of the General Provident Fund being maintained by it under the Provident Funds Ordinance 1925 (XIX of 1925), in the Fund established under sub-section (1) of section 4. (4) The amount credited to the Fund shall be distinct and operated upon strictly in accordance with the provision of this Act and rules made thereunder. (5) An expenditure from the Fund shall be charged upon the provincial consolidated Fund within the meaning of Article 121(e) of the Constitution of the Islamic Republic of Pakistan 1973.