PUNJAB FINANCE ORDINANCE 2001

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THE PUNJAB FINANCE ORDINANCE, 2001 
(VI of 2001)  
CONTENTS 
1. Short title, extent and commencement 
2. Amendment of Act V of 1958 
3. Amendment of Act X of 1958 
4. Amendment of Act XXXIV of 1964 
5. Amendment of Act XIV of 1973 
TEXT 
1
THE PUNJAB FINANCE ORDINANCE, 2001 
(VI of 2001) 
[30th June, 2001] 
An 
Ordinance 
further to levy, enhance and rationalize certain taxes and duties in the Province of 
the Punjab. 
Preamble.– WHEREAS it is expedient further to levy, enhance and rationalize 
certain taxes and duties in the Province of the Punjab; 
 NOW, THEREFORE , in exercise of the powers conferred upon him under 
Article 4 of the Provision al Constitution (Amendment) Order No.9 of 1999, as 
amended by Chief Executive’s Order No. 11 of 2000, the Governor of the Punjab is 
pleased to make and promulgate the following Ordinance:– 
1. Short title, extent and  commencement.– (1) This Ordinance may be  called 
the Punjab Finance Ordinance, 2001. 
 (2) It shall come into force on the 1st day of July, 2001. 
2. Amendment of Act V of 1958 .– In the Punjab Urban Immovable Property 
Tax Act, 1958 (V of 1958), in section 4, for the existing clause (g), the followi ng shall 
be substituted:– 
“(g) Buildings and lands annual value of which does not exceed rupees 
twenty seven thousand belonging to a widow, a disabled person or a 
minor orphan: 
Provided that where the annual value is more than rupees twenty seven 
thousand the tax shall be levied on the amount in excess of the said amount.”. 
3. Amendment of Act (X) of 1958 .– In the Punjab Entertainments Duty Act, 
1958 (X of 1958), in section 3, in sub section (1), before the existing first proviso, the 
following proviso shall be added:- 
“Provided that, for a period of the five years, the entertainment duty shall be 
levied and paid to the Government on all payments for admission to cinema houses 
at the rate of thirty percent of such payment and shall be converted into a fixed 
charge per day in respect of different categories of cinema houses, screening or 
exhibiting movies. The Government shall determine the categories of cinema houses 
and fix per day the rate of entertainment duty for each cinema:”. 
                                                           
1Promulgated by the Governor of the Punjab on 30 June 2002; and published in the Punjab Gazette (Extraordinary), dated 30 
June 2002, pages 1153-54. Under Article 4 of the Provisional Constitution (Amendment) Order 1999 (9 of 1999), it w ill remain 
in force notwithstanding the maximum limit of three months prescribed under Article 128 of the Constitution of the Islamic 
Republic of Pakistan. 
4. Amendment of Act XXXIV o f 1964 .– In the Punjab Finance Act, 1964 
(XXXIV of 1964), in section 13, sub -section (1), for the existing Explanation (c), the 
following shall be substituted:– 
“(c) “licensee” means a person licensed under section 15 or 20 of the 
Regulation of Generation,  Transmission and Distribution of Electric 
Power Act, 1997 (XL of 1997) to engage in the generation and sale of 
energy to a consumer and includes any person generating the electric 
power from a generator having the capacity of more than five hundred 
kilowatt for self use.”. 
5. Amendment of Act XIV of 1973 .– In the Punjab Finance Act, 1973(XIV of 
1973), in the Sixth Schedule, in column 3, for the existing entries (i) and (ii) against serial 
No. 9, the following shall be substituted:- 
 “paisa ten per kg if paid by 31st March.”.