Section 36: Reports

36. Reports.___(1) The Fund shall not later than sixty days after the end of first, second and third quarter submit to the Supervisory Council a quarterly report on its operations and activities during the preceding quarter. (2) Quarterly reports under sub-section (1) shall include the performance of the fund during the quarter and the value of the assets and where the assets are held at the end of each quarter. (3) The Fund shall with the approval of the Board, within one hundred and twenty days of the end of each financial year, together with the annual report of the Fund, send a copy of the statement of accounts of the Fund certified by the auditors and a copy of the auditors’ report to the Supervisory Council; (4) The Fund’s capital currency shall be Pakistani and any other currency as approved by the Board. (5) In addition, the Fund— (a) shall submit to the Supervisory Council any other report, and provide any other information, that may be required in regard to the operations and activities of the Board; and (b) may submit to the Supervisory Council any other report that it considers desirable.

Effective date: 2023-08-04

Related sections