International Development Association Ordinance, 1960

This 1960 Ordinance gives legal effect in Pakistan to the country's membership of the International Development Association (IDA), an international body whose founding agreement was approved by the World Bank's Executive Directors in January 1960. Section 3 authorises payments to IDA from the Federal Consolidated Fund under specific Articles of the founding Agreement, and directs that any sums Pakistan receives from IDA also go into that Fund; a later amendment lets the Federal Government issue non-interest-bearing, non-negotiable notes to IDA as the Agreement allows. Section 4 names the State Bank of Pakistan as the depository for IDA's Pakistan-currency holdings and other assets.

Section 5 gives the force of law in Pakistan to Article VIII of the Agreement, reproduced in the Schedule, which sets out IDA's status, immunities and privileges. Under this Article, IDA has full legal personality to contract, hold property, and sue; its property is largely immune from seizure or attachment before a final judgment against it; its archives are inviolable; its assets are free from restrictions and controls; its official communications receive treatment equal to that given to other member states; its officers and employees are immune from legal process for official acts and from immigration and national-service obligations; and the Association, its income and its securities are broadly exempt from taxation and customs duties. A proviso clarifies that IDA cannot import goods duty-free for unrestricted resale in Pakistan, nor claim exemption from charges that are genuinely fees for services rendered.