Managed Cement Establishments (Payment to Corporation) Ordinance, 1979

This 1979 Ordinance required certain cement-producing companies that had come under government management to hand over a portion of their earnings to the State Cement Corporation of Pakistan. Section 2 defines the "Corporation" as the State Cement Corporation and defines a "unit" as any cement company or project whose management had been transferred to the Corporation under earlier nationalization measures (the Economic Reforms Order 1972, the West Pakistan Industrial Development Corporation Act 1974, or the Associated Cement (Vesting) Act 1974), or any other unit it controls.

Section 3 is the operative provision: every such unit must pay the Corporation a fixed amount for every metric ton of cement it produces and sells, at a rate the Federal Government fixes by official notification (and different rates could be set for different periods). Section 4 clarifies that these payments count as a deductible business expense for income-tax purposes.

Section 5 directs that the money collected be pooled into a "Cement Development Fund," administered by the Corporation and used for development schemes in the cement industry -- a later amendment also allowed the fund to subsidize individual units. Section 6 gives the Federal Government rule-making power to prescribe how and when payments are made and how the Fund's accounts are kept and invested.

This is an old, narrowly-targeted industrial ordinance from the nationalization era, and the extract shows amendment footnotes ("Subs. by", "Ins. by" the Federal Laws (Revision and Declaration) Ordinance, 1981). It applies only to state-managed cement units of that period, so any figures or rates mentioned should not be relied on without checking the current official text and notifications.