Circulars/Notifications - Banking Policy & Regulations Department  
 BPRD Circular Letter No. 24 of 2006
October 31, 2006  

The Presidents/CEOs,
All Banks/DFIs/Micro Finance Banks

Dear Sirs / Madam,

CONSOLIDATION OF LICENSING, CORPORATE GOVERNANCE
& REGULATIONS AT BPRD

 

This is with reference to recent restructuring that has been taken place in the State Bank of Pakistan (SBP) during the month of September 2006.

As a part of restructuring, it has been decided to consolidate the licensing, regulations and corporate governance of Commercial Banks, Islamic Banks & Micro Finance Banks at Banking Policy & Regulations Department (BPRD). All Banks/DFIs/Micro Finance Banks are, therefore, advised to refer all matters relating to licenses (banks and branches/booths), corporate governance & regulations to BPRD with effect from 1st November, 2006.

Please acknowledge receipt.

 


Yours sincerely,

Sd/-

(SYED IRFAN ALI)
Director

       
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