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