Section 56: Budget — Port Qasim Authority (PQA) Act, 1973

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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56. Budget.—(1) In the month of November each year, the Authority shall submit to the 1[division concerned] for approval a statement of the estimated receipts and expenditure in rupees in respect of the next financial year. (2) In the manner prescribed by the 1[division concerned], the Authority shall also submit to the 1[division concerned] for approval a statement of the estimated receipts and expenditure in foreign exchange in respect of the next financial year. (3) The Authority shall obtain specific sanction of the 1[division concerned] in respect of each individual scheme costing rupees twentyfive lakhs nonrecurring or rupees five lakhs recurring or more to be financed out of the Port Qasim Authority Fund. 2

Effective date: 1973-01-01

Related sections

Section 55: Port Qasim Authority Fund Section 56A: Surplus to be remitted to Federal Consolidated Fund Section 54: Delegation of powers to Chairman, etc. The Authority may, by general or special orders,Section 57: Audit and Accounts. 1[division concerned] (1) The accounts of the Authority shall be Section 53: Indemnity. No suit, prosecution or other legal proceedings shall lie against the Authority,Section 58: Penalty

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