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Article XIII substituted vide Notification No. S.R.O. 993(K)/61,
dated the 17th October, 1961. The original Article XIII is as under:
ARTICLE XIII
(1) Interest on-
(a) bonds or debentures issued by one of the contracting States, including local
Government thereof, or by a corporation of other entity of one of the contracting States,
or
(b) deposits made in one of the contracting States, or
(c) loans in connection with trade, business or other transactions carried on in one of
the contracting States,
shall be treated as income from sources within that contracting State and shall be taxable
by that contracting State.
(2) Income derived from real property situated in one of the contracting States by a
resident or corporation of the other contracting State and shall be treated as income
derived from sources within the former contracting State and shall be taxable by that
contracting State.
(3) The term "interest" means interest on bonds, securities, notes, debentures
or any other form of indebtedness (including mortgages or bonds secured by real property)
and the term "income derived from real property" means income of whatever nature
derived from real property (including royalties in respect of the operation of mines,
quarries or other natural resources).
