Circulars/Notifications - Banking Supervision Department  
 BPRD Circular No. 42
December 14, 1998   

All Banks/NBFIs.

Dear Sirs,

SELECTIVE CREDIT CONTROL .

Please refer to BPRD Circular No.41 dated the 28th November, 1998 read with BPRD Circular No.23 dated the 2nd July, 1998 on the captioned subject We have been informed by our Counsel that the Bench of the Honourable Lahore High Court, Lahore hearing petitions on the subject has desired that the dead-line for enforcing the instructions conveyed vide BPRD Circular No.23 dated the 2nd July, 1998 (as amended from time to time) may be extended. Accordingly the deadline is extended to December 28, 1998 or the date of the decision, whichever comes first.

Please acknowledge receipt

Yours faithfully,
Sd/-(MANSUR-UR-REHMAN KHAN)
Director

       
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