8

BANKING COMPANIES (AMENDMENT) ORDINANCE, 2002 BANKING COMPANIES (AMENDMENT) ORDINANCE, 2002 ORDINANCE CXI OF 2002 (An Ordinance further to amend the Banking Companies Ordinance, 1962) [Gazette of Pakistan Extraordinary Part-I, 4th November, 2002] F. No.2(1)/2002-Pub., dated 4-11-2002.---The following Ordinance promulgated by the President is hereby published for general information:--- 8. Amendment of section 47, Ordinance LVII of 1962.---(1) In the said Ordinance, in section 47, for subsection (16) the following shall be substituted, namely:-- "(16) In this section, "Banking Institution" and "Banking Company" mean any banking company and includes the National Bank of Pakistan, the Agricultural Development Bank of Pakistan, the Industrial Development Bank of Pakistan, the House Building. Finance Corporation, investment finance companies, venturecapital companies, housing finance companies, leasing companies and any other financial institution covered under section 3A. "