The Banking Laws Review Commission (BLRC) has been constituted by the Government of Pakistan with a mandate to modernize Pakistan’s financial sector laws. One of the key areas for reform identified by the Commission is to recommend to the Government of Pakistan to promulgate a new banking Act suited to the requirements of modern banking. The draft Banking Act has been finalized by the Commission and being place for comments. We, at the Banking Laws Review Commission would like the informed public to give us the benefit of their views and suggestions. In particular, we would like to hear from legal practitioners, accountants, bankers, businessmen, academics and interested citizens. You can make a direct impact on the future direction of the new law by identifying the major weaknesses in the current laws and procedures as well as key concerns and issues that should be considered in the framing of the new law. The commission will read all submissions and may invite selected individuals to present their views in person. The deadline for submission of views / comments (by mail, fax or e-mail) is July 31, 2006.

 

Mr. Mansur-ur-Rehman Khan
Member Secretary
Banking Laws Review Commission
State Bank of Pakistan
I. I. Chundrigar Road
Karachi.
Fax: (021) 9212414
E-mail:[email protected]

 

Draft - Banking Act, 2006