Section 22: Discharge in respect of interest on Government securities. Save as otherwise expressly

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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22. Discharge in respect of interest on Government securities. Save as otherwise expressly provided in the terms of a Government security, no person shall be entitled to claim interest on such security in respect of any period which has elapsed after the earliest date on which demand could have been made for the payment of the amount due on such security.

Effective date: 1944-01-01

Related sections

Section 21: Cancellation by the Bank of vesting proceedings. Where the Bank contemplates Section 23: Discharge in respect of bearer bonds. 1[Government] shall be discharged from all Section 20: Stay of proceedings on order of Court. Where the Bank contemplates making with Section 24: Period of limitation of Government’s liability in respect of interest. Where no shorter Section 19: Legal effect of orders made by the Bank. No recognition by the Bank of a person as the Section 25: Inspection of documents. No person shall be entitled to inspect, or to receive infor

Version public-debt-act-1944~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.