Section 32: Borrowing powers — Port Qasim Authority (PQA) Act, 1973

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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32. Borrowing powers. — (1) The Authority may, with the previous approval in writing of the 1[finance division], raise funds for the purpose of raising its working capital by issuing bonds and debentures carrying interest at such rates as may be approved by the 1[finance division]. (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 Federal Government.

Effective date: 1973-01-01

Related sections

Section 31: Execution of schemes, etc., through local bodies and agencies Section 33: Utilization of building material. Notwithstanding anything contained in any other law for Section 30: Power to amend schemes. Any scheme prepared under section 11 may at any time be Section 34: Liability to acquisition. All land in private ownership within the Port area shall be liable Section 29: Power to permit erection of private wharves, etc. The Board may, by an order in writing Section 35: Entry upon land, preliminary surveys, etc

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