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ACT IV OF 2007 ACT IV OF 2007 BALOCHISTAN GOVERNMENT SERVANTS HOUSING FOUNDATION ACT, 2007 An Act to provide for establishment of a housing foundation for introducing a scheme for providing plots on no profit no loss basis to Government servants of the province. [Gazette of Balochistan, Extraordinary, 20th August, 2007] No.PAB/Legis:V(43)/2007, dated 20-8-2007.--The Balochistan Government Servants Housing Foundation Bill, 2007, Bill No 8 of 2007 having been passed by the Provincial Assembly of Balochistan on 11th August, 2007 and assented to by the Governor of Balochistan, on 18th August, 2007 is hereby published as an Act of the Provincial Assembly. Preamble.---Whereas it is expedient to establish the Balochistan Government Servants Housing Foundation in order to introduce a scheme for providing plots on no profit no loss basis to Government servant or to their families in case of death during service and to make provisions for matters connected therewith or ancillary thereto. 10. Managing Director.---(1) There shall be a Managing Director of the Foundation who shall also be the Chief Executive of the Foundation. (2) The Managing Director shall be appointed by the Board with the approval of the Government for a specified term. (3) The Managing Director shall exercise such powers and perform such functions as may be determined by the Board. (4) The Managing Director shall cease to hold office in the manner as may be prescribed.