Circulars/Notifications - Banking Policy & Regulations Department  
 BPRD Circular No. 06 of 2010
May 17, 2010

The Presidents/Chief Executives
All Banks

Dear Sirs/Madam,

Verification of Accounts/Bank Statements of Students Applying for Foreign Education

It has been observed that Pakistani students desirous of proceeding for foreign studies face difficulties in obtaining visa due to uncertain verification system of their bank account/statement.

2. To expedite the verification process, banks are advised to:

i. Appoint designated coordinators in Islamabad, Lahore and Karachi, duly authorized to facilitate the process of requests of verification of bank account/statement expeditiously received from Foreign Missions, Embassies/High Commissions and any other relevant office for visa purposes.

ii. The names and contact details of nominated persons may be provided to SBP within 15 days for onward transmission to Ministry of Youth Affairs.

iii. The process of verification shall be made in writing. The banks shall not entertain any verbal/oral query made by visa processing agency or Foreign Mission.

iv. The request received shall be disposed of, accordingly within seven working days from the date of its receipt.

v. The banks shall not charge “processing fee” under any head for above verification from the accountholder/customer either directly or through debit to his account.

3. Please acknowledge receipt.

Yours truly,


(Syed Irfan Ali)

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