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  "title": "Funds Vesting in the President (Transfer) Act, 1973",
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  "text": "Page 1 of 2 \r\n \r\n \r\n \r\n \r\nTHE FUNDS VESTING IN THE PRESIDENT (TRANSFER) ACT, \r\n1973 \r\n \r\n \r\nCONTENTS \r\n1. Short title and commencement \r\n \r\n2.  Vesting of Funds in Federal Government and their utilisation \r\n \r\nTHE SCHEDULE \r\n \r\n\r\n \r\n \r\nPage 2 of 2 \r\n \r\nTHE FUNDS VESTING IN THE PRESIDENT (TRANSFER) ACT, 1973 \r\nACT NO. LX OF 1973 \r\n[11th August, 1973] \r\nAn Act to provide for the administration of certain Funds vesting in the President \r\nWHEREAS it is expedient to provide for the administration of certain Funds vesting in the \r\nPresident and for matters connected therewith; \r\nIt is hereby enacted as follows:— \r\n1. Short title and commencement.⸻(1) This Act may be called the Funds Vesting in the \r\nPresident (Transfer) Act, 1973. \r\n(2) It shall come into force at once. \r\n2. Vesting of Funds in Federal Government and their utilisation. ⸻(1) Notwithstanding \r\nanything contained in any other law or instrument, the Funds specified in the Schedule, together \r\nwith income and profits accruing thereon, shall vest in the Federal Government. \r\n(2) The amounts in the aforesaid Funds shall be utilised for the purposes for which they \r\nwere raised or for purposes as similar thereto as the circumstances may permit. \r\nTHE SCHEDULE \r\n[See section 2 (1)] \r\n1. President’s Relief Fund instituted in 1972. \r\n2. President’s Palestine and Arab Relief Fund. \r\n3. Tazeenul Quran Fund. \r\n4. Presidents’ Welfare Fund. \r\n \r\n \r\n____________________ \r\n \r\n \r\n \r\n   RGN Date: 08-05-2024",
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