17
Associated Press of Pakistan Corporation Fund
Act: Associated Press Of Pakistan Corporation Ordinance 2002
Section Provisions
ASSOCIATED PRESS OF PAKISTAN CORPORATION ORDINANCE, 2002 ASSOCIATED PRESS OF PAKISTAN CORPORATION ORDINANCE, 2002 ORDINANCE LXXX OF 2002 An Ordinance to provide for reconstitution of the Associated Press of Pakistan [Gazette of Pakistan, Extraordinary, Part I, 19th October, 2002] F. No.2(1)/2002-Pub., dated 19-10-2002---The following Ordinance promulgated by the President is hereby published for general information:-- 17. Associated Press of Pakistan Corporation Fund.---(1) There shall be a fund to be known as the "Associated Press of Pakistan Corporation Fund" which shall vest in the Corporation and shall be utilized by the Corporation to meet charges in connection with its functions under this Ordinance including payment of salaries and other remuneration to the Managing Director, non-official Members, officers and employees of the Corporation. (2) The Associated Press of Pakistan Corporation Fund shall consist of-- (a) grants made by the Federal Government; (b) loans obtained from the banks and other financial institutions as may be approved by the Federal Government; (c) subscription fee from the subscribers of the Associated Press of Pakistan; (d) sale proceeds, royalties of the newspapers items, features photos, cyber nets, audios, videos etc.; (e) gifts, endowment, grants and other contributions from philanthropists, agencies, foundations or organizations; and (f) other sums received from other sources approved by the Board.