Section 3: Financial provisions

3. Financial provisions.___ (1) There shall be paid out of the 3[Federal Consolidated Fund] all such sums as may be required for the purpose of making payments on behalf of the Government of Pakistan under section 2 (a) of Article II and section 1 (a) of Article III of the Agreement. (2) Any sums received by the Government of Pakistan from the Association in pursuance of the Agreement shall be paid into the Federal Consolidated Fund. 1I.e., the 7th October, 1960, see Gaz. of P., 1960, Ext., p. 1493a. 2Subs. by F.A.O., 1975, Art. 2 and Table, for “Central Government”. 3Subs. ibid., for “Central Consolidated Fund” which was previously subs. by A.o., 1964, Art. 2 and Sch., for “Federal Consolidated Fund”, to read as above. 2[(3) The 1[Federal Government] may, if it thinks fit so to do, create and issue to the International Development Association, in such form as it thinks fit, any such non-interest bearing and non-negotiable notes or other obligations as are provided for by paragraph (e) of section 2 of Article II of the Agreement.]

Effective date: 1960-01-01

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