Please
refer to BPD Circular No. 29 dated the 15th October, 2002,
on the above subject.
We have received complaints from various quarters that banks/DFIs
have not been issuing any acknowledgement to the requests
submitted by the borrowers who intend to settle their liabilities
under the scheme notified by the concerned bank/DFI in the
light of Guidelines issued by the SBP vide the aforesaid circular.
In addition, some of the banks/DFIs have not informed their
eligible borrowers about the Scheme and opportunity available
to them for settlement of their defaulted loans under SBP
Guidelines.
You
are, therefore, advised to ensure that: -
a)
requests received from the borrowers for settlement of their
defaulted loans under the scheme are invariably acknowledged;
and
b)
all eligible borrowers are informed about the Scheme and opportunity
available to them for settlement of their defaulted loans.
Please
acknowledge receipt.
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