Section 24: Period of limitation of Government’s liability in respect of interest. Where no shorter

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.

Discuss this provision with AI

24. Period of limitation of Government’s liability in respect of interest. Where no shorter period of limitation is fixed by any law for the time being in force, the liability of 1[Government] in respect of any interest payment due on a Government security shall terminate on the expiry of six years from the date on which the amount due by way of interest became payable.

Effective date: 1944-01-01

Related sections

Section 23: Discharge in respect of bearer bonds. 1[Government] shall be discharged from all Section 25: Inspection of documents. No person shall be entitled to inspect, or to receive infor Section 22: Discharge in respect of interest on Government securities. Save as otherwise expressly Section 26: The Bank and its officers to be deemed public officers. For the purposes of section 124 Section 21: Cancellation by the Bank of vesting proceedings. Where the Bank contemplates Section 27: Penalty

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