Pakistan (PK)

Jurisdiction Overview

IDQuestionAnswer
204 *Are Trusts available? BOTH: Domestic trust law and administration of foreign law trusts.
 Data Date: 2016

Notes

 
"Pakistan’s law allows for creation of trusts. Pakistan’s residents can also act as trustees, protectors or administrators of a trust formed under foreign law. Trust law in Pakistan is based on general principles of common law and it is mainly captured in the Trusts Act." (GF 2016: 38). As for Foreign trusts: "A Pakistan resident can operate a trust established under foreign law. In such case obligations under the Trusts Act ensuring that trust deed containing identification of the settlor and beneficiaries is kept by the trustee do not apply as has been confirmed by Pakistani authorities" (ibid.: 41).

Sources

GF 2016: 38, 41