Section 5: Order to prohibit removal of assets outside Pakistan. While ordering a Bank to furnish a
The Pakistan Banking (Prevention of Default and Evasion of labilities) Ordinance, 1947 · Banking/Financial Laws · Legal status not independently verified
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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5. Order to prohibit removal of assets outside Pakistan. While ordering a Bank to furnish a statement under Section 4, the 1[Federal Government] may order the Bank not to remove out of 2* * * Pakistan any thing held in safe custody on behalf of the person referred to in sub-section (1) of section 4 or any documents related thereto.
Effective date: 1947-01-01
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Version pakistan-banking-prevention-of-default-and-evasion-of-labilities-ordinance-1947~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.