Section 2: Definitions

2. Definitions.__ In this Ordinance unless there is anything repugnant in the subject or context, (1) “company” means a company specified in the Schedule; (2) “development surcharge” means the surcharge payable under section 3; (3) “differential margin” means the amount by which the fixed sale price exceeds the prescribed price; 2[(4) “fixed sale price” means such sale price and tariff, not exceeding 3[forty] rupees per deca cubic metre], as the 4[Federal Government] may, from time to time, by notification in the official Gazette, declare to be the fixed sale price for the purposes of this Ordinance; and different prices and tariffs may be so declared in relation to different companies and different consumers.] 1Approved by the National Assembly of Pakistan on the 23rd March, 1967, see Gaz. of P., 1967, Ext. (Rawalpindi), dated the 23rd May, 1967, p. 263. 2Subs. by the Finance Ordinance, 1969 (16 of 1969), s. 13, for clause (4), (with effect from the first day of July, 1969). 3Subs. by Act 7 of 1990, s. 5. 4Subs. by F.A.O., 1975, Art. 2 and Table, for “Central Government”. (5) “natural gas” means gas obtained from bore holes and wells consisting primarily of hydrocarbons; (6) “prescribed price” means such sale price and tariff as the 4[Federal Government] may, in accordance with the Natural Gas Rules, 1960, by notification in the official Gazette, declare, in respect of any period, whether before or after the commencement of this Ordinance to be the prescribed price for the purpose of this Ordinance.

Effective date: 1967-01-01

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