Section 7: Lease — Esso Undertakings (Vesting) Act, 1976

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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7. Lease.— On the expiry of the term of any lease, licence or tenancy referred to in sub- section (4) of section 4, such lease, licence or tenancy shall, if so desired by the Federal Government, be renewed on the same terms and conditions on which the lease, licence or tenancy was held by Esso immediately before the commencing day.

Effective date: 1976-01-01

Related sections

Section 6: Contracts Section 8: Re-organization of Government company Section 5: Vesting in a Government company Section 9: Payment Section 4: Vesting of Esso undertakings Section 10: Provisions relating to officers and other employees of Esso undertakings

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