PREAMBLE

BANKING COMPANIES (AMENDMENT) ORDINANCE 2001 BANKING COMPANIES (AMENDMENT) ORDINANCE 2001 ORDINANCE XLVII OF 2001 An Ordinance further to amend the Banking Companies Ordinance, 1962 [Gazette of Pakistan, Extraordinary, Part I, 30th August, 2001] F.No.2(1)/2001-Pub., dated 30-8-2001.---The following Ordinance promulgated 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 President is satisfied that circumstances exist which render it necessary to take immediate action; Now, therefore, in pursuance of the Proclamation of Emergency of the fourteenth day of October, 1999, and the Provisional Constitution Order No. 1 of 1999, read with the Provisional Constitution (Amendment) Order No.9 of 1999, and in exercise of all powers enabling him in that behalf, the President of the Islamic Republic of Pakistan is pleased to make and promulgate the following Ordinance:---