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ORDINANCE IX OF 1997 ORDINANCE IX OF 1997 BANKING COMPANIES (AMENDMENT) ORDINANCE, 1997 An Ordinance further to amend the Banking Companies Ordinance, 1962 [Gazette of Pakistan, Extraordinary, Part I, 21st January, 1997] No.F.2(1)/97‑Pub., dated 21‑1‑1997.‑‑‑The following Ordinance made by the President is hereby published for general information: Whereas it is expedient further to amend the Banking Companies Ordinance, 1962 (LVII of 1962), for the purposes hereinafter appearing; And whereas the National Assembly is not in session and the President is satisfied that circumstances exist which render it necessary to take immediate action; Now, therefore, in exercise of the powers conferred by clause (1) of Article 89 of the Constitution of the Islamic Republic of Pakistan, the President is pleased to make and promulgate the following Ordinance, namely:‑‑ 1. Short title and commencement.‑‑‑(1) This Ordinance may be called the Banking Companies (Amendment) Ordinance, 1997. (2) It shall come into force at once.