THE PROVINCIAL INDUSTRIAL DEVELOPMENT CORPORATION (WEST PAKISTAN AMENDMENT) ORDINANCE, 1964

(W.P. Ordinance XIV of 1964)

Sections

         1.         Short title and commencement.

         2.         Amendment of section 2, Central Ordinance, XXXVIII of 1962.

 

^[1]THE PROVINCIAL INDUSTRIAL DEVELOPMENT CORPORATION (WEST PAKISTAN AMENDMENT) ORDINANCE, 1964

(W.P. Ordinance XIV of 1964)

[8 September 1964]

An Ordinance to amend the Provincial Industrial Development Corporation (West Pakistan) Ordinance, 1962

Preamble.— WHEREAS, it is expedient to amend the Provincial Industrial Development Corporation (West Pakistan) Ordinance, 1962, in the manner hereinafter appearing;

      AND WHEREAS the Provincial Assembly of West Pakistan is not in session and the Governor of West Pakistan is satisfied that circumstances exist which render immediate legislation necessary;

      Now, THEREFORE, in exercise of the powers conferred on him by clause (1) of Article 79 of the Constitution, the Governor of West Pakistan is pleased to make and promulgate the following Ordinance:-

1.   Short title and commencement.— (1) This Ordinance may be called the Provincial Industrial Development Corporation (West Pakistan Amendment) Ordinance, 1964.

      (2)  It shall come into force at once.

2.   Amendment of section 2, Central Ordinance, XXXVIII of 1962.— In the Provincial Industrial Development Corporation (West Pakistan) Ordinance, 1962 (Ordinance XXXVIII of 1962), for clause (l) of section 2, the following shall be substituted, namely:---

      “(l)   ‘small Industry’ means an industry engaged in the handicrafts or manufacture of consumer or producer goods wherein—

              (a)  motive power is not used; or

              (b)  motive power is used, but the value of the land, buildings and machinery whereof does not exceed two lacs of rupees”.