Monday, 30 January 2017

BANKING OFFENCES LAWS IN PAKISTAN NEWS


BANKING OFFENCES LAWS IN PAKISTAN NEWS

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WE HELP ESTABLISH BANKS BRANCHES IN PAKISTAN AND WORLDWIDE


The Senate on Friday passed four bills including Bill further to amend the offences in respect of banks(special courts) Ordinance, 1984 [The Offences in Respect of Banks (Special Courts) (Amendment) Bill, 2016], as reported by the Standing Committee.

The bill was presented by Minister for Law and Justice Zahid Hamid on behalf of Finance Minister Ishaq Dar.

The House also passed the Bill to repeal the Equity Participation Fund Ordinance, 1970 [The Equity Participation Fund (Repeal) Bill, 2016], as reported by the Standing Committee.

The Senate passed the Bill further to amend the Banks (Nationalization) Act, 1974 [The Banks (Nationalization) (Amendment) Bill, 2016, as reported by the Standing Committee.

A Bill to provide for the establishment of Deposit Protection Corporation, as a subsidiary of the State Bank of Pakistan and for the management and control thereof [The Deposit Protection Corporation Bill, 2016 was also referred to the Committee concerned.
The House also referred the Bill to provide for the creation of Security interests over moveable property and to establish a secured transactions registry [The Financial Institutions (secured transactions) Bill, 2016 to the Committee concerned.


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