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ACT V OF 2004 ACT V OF 2004 BANK OF KHYBER (AMENDMENT) ACT, 2004 An Act further to amend the Bank of Khyber Act, 1991 [Gazette of N.-W.F.P., Extraordinary, 12th July, 2004] No. PA/NWFP/Legis.1/2004/17674, dated 12-7-2004.---------The Bank of Khyber (Amendment) Bill, 2004, having been passed by the Provincial Assembly of North-West Frontier Province on the 2nd July, 2004 and assented to by the Governor of - the North-West Frontier province on 8th July, 2004 is hereby published as an Act of the Provincial Legislature of the North-West Frontier Province. It is hereby enacted as follows: 5. Amendment of section 19 of N.-W.F.P. Act No.XIV of 1991.-----In the said Act, the existing section 19 shall be renumbered as subsection (1) of that section and in subsection (I), as so renumbered,--- (i) after the words "the Bank would carry on and transact", appearing in the first sentence, the words and a comma "Islamic banking." shall be inserted; (ii) after clause (q), the following new clause (qq) shall be inserted, namely: . "(qq) to undertake Islamic 'banking either by opening of a new branch or by conversion of its existing branch or by establishment of a subsidiary for Islamic banking or by adoption of any other mode provided under the Companies Ordinance, 1984 (Ord. No.XLVII of 1984), in accordance with the policy of the State Bank of Pakistan for the time being applicable; and"; and (iii) after subsection (1), as so re-numbered, the following new subsection (2) shall be added, namely: "(2) Non-payment of any dues payable to the Bank in the prescribed manner under this Act shall be recovered as arrears of land revenue under any law for the time being in force."