Section 49: Exemption from taxes — State Bank of Pakistan Act, 1956 (SBP Act)

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2[49. Exemption from taxes. Notwithstanding anything in the Wealth Tax Act, 1963 (XV of 1963), and Income Tax Ordinance, 1979 (XXXI of 1979), or any other law for the time being in force relating to wealth tax, income tax or super tax the Bank and any subsidiary, or trust, established by it shall not be liable to pay wealth tax, income tax or super tax on their income or wealth.]

Effective date: 1956-04-18

Related sections

Section 48: Exemption from stamp duty Section 50: Liquidation of the Bank Section 47: Pensions of Bank employees to be exempt from attachments, etc.Section 51: Act or proceeding of the Board not to be questioned Section 46B: Functional and institutional autonomy Section 52: [Omitted]

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