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Power of direct discount

(1) Notwithstanding the provisions of section 230 of the Companies Act, 1913 (VII of 1913), and section 58 of the Banking Companies Ordinance, 1962 (LVII of 1962) where in the opinion of the Central Board or of the Governor, circumstances so warrant, the Bank may, notwithstanding any limitation contained in [sub-clauses] (a) and (b) of subsection...


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