Circulars/Notifications - Banking Policy Department  
 BPD Circular Letter No. 08
March 10, 2003  

The Chief Executives,

All Banks/DFIs,

Dear Sirs/Madam,

CONSTITUTION OF SBP COMMITTEE FOR RESOLUTION OF CASES
UNDER SBP GUIDELINES ON WRITE-OFF

 

Please refer to para 17 of BPD Circular No. 29 dated October 15, 2002 in terms of which the disputes that may arise between the borrower and the Bank/DFI will be resolved through “SBP Committee”.

2.            Accordingly, a committee under the chairmanship of Mr. Inam Ellahi and comprising following members representing Pakistan Banks’ Association (PBA) and Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has been constituted:

 

Sr. #

Name

Designation

      i.   

Mr. Inam Ellahi, Ex-President, NBP

Chairman

     ii.

Mr. Muhammad Rafique, Ex-EVP, HBL

Member/  Secretary

   iii.

Mr. Mr. Najam-ul-Hassan, EVP-UBL

Member

   iv.   

Mr. Muhammad Rafiq, A- SEVP, PICIC

Member

    v.  

Mian Muhammad Usman, Life Member, FPCCI

Member

   vi.   

Mr. Adil Mahmood, Vice Chairman, APTMA

Member

 

3.         The above Committee has been constituted for a period of 6 months from the date of issuance of this circular letter. It will examine and decide the complaints filed by the Bank/ borrower relating to the scheme notified vide BPD Circular No. 29/ 2002 and other instructions issued in this regard from time to time. The decision of the Committee shall be binding on the concerned parties. Banks/DFIs as well as the general public is advised to forward their complaints with reference to aforesaid scheme to the Secretary, “SBP Committee” at the following address:

Mr. Muhammad Rafique, Secretary, SBP Committee, 6th Floor, Block-B, Finance and Trade Centre, Shahrah-e-Faisal, Karachi.

Ph: 021-9203557 & Fax: 021-9203547

4.         The Banks/DFIs are advised to extend their fullest support to the said committee to ensure early resolution of disputes and implementation of committee’s decisions in letter and spirit.

5.         Please acknowledge receipt.

Yours faithfully,
Sd/-

(Muhammad Ashraf Khan)


Senior Joint Director


BPD Circulars/ Circular Letters issued in 2002
       
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