Section 16: Borrowing powers.⎯ (1) The Authority may, with the previous approval in writing — Capital Development Authority Ordinance (CDA), 1960

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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16. Borrowing powers.⎯ (1) The Authority may, with the previous approval in writing of the 1[Federal Government], raise funds for the purpose or raising its working capital by issuing bonds and debentures carrying interest at such rates as may be approved by the 1[Federal Government]. (2) The repayment of the principal and the payment of interest due on the bonds and debentures issued by the Authority shall be guaranteed by the 1[Federal Government].

Effective date: 1960-01-01

Related sections

Section 15: Power of the Authority.⎯ (1) Subject to the other provisions of this Ordinance Section 17: Execution of schemes etc., through local bodies and agencies.⎯ (1) The Authority Section 14: Manner and form etc., of scheme.⎯ All schemes under section 12 and section 13 Section 18: Utilisation of building material. Notwithstanding anything contained in any other law Section 13: Preparation of schemes by Authority.⎯ The Authority may, pursuant to the masterSection 19: Amendment of schemes. ⎯ Any scheme prepared unde r section 12 or section 13 may at

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