Please
refer to BPD Circular No. 29 dated October 15, 2002 regarding
guidelines on write-off of irrecoverable loans and advances.
2. We have received queries
whether any NPL classified as loss for 3 years and above,
but for which one or more installments have been received
during the last 3 years, will be eligible under SBP guidelines.
This is to clarify that these guidelines shall also be applicable
on the aforementioned NPLs provided the category/classification
of loan (viz loss category) has not been changed during the
last 3 years.
3.
Please acknowledge receipt.
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