Section 15: Trade Dispute Resolution Fund

(1) There shall be established a non-lapsable fund to be known as the Trade Dispute Resolution Fund which shall vest in the Commission, and shall be utilized by the Commission, as may be necessary, for the purpose of carrying out its functions under this Act and for the welfare of the employees of the Commission. (2) The Fund shall consist of— (a) five hundred million Rupees as initial seed money by division concerned; (b) yearly budgetary allocations or grants by the division concerned; (c) aid and donations from national or international agencies with the approval of the division concerned; (d) revenue earned from the levy of charges, fees, penalties, etc; (e) income and profits derived from investments; (f) all other sums which may in any manner become payable to or vested in the Commission; and (g) any fees or charges that the Commission may charge from other regulatory agencies for expertise rendered in a particular field. (3) The Commission may levy such charges or fees for services and facilities as may be prescribed from time to time. (4) The Commission may subject to the Public Finance Management Act, 2019 open and maintain Accounts, in local and foreign currency, in any scheduled bank in Pakistan.

Effective date: 2023-08-11

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