Circulars/Notifications - Banking Supervision Department  
 BPRD Circular Letter No. 01
January 13, 2000  

All Banks/NBFIs,

Dear Sirs,

OPERATION OF BANK ACCOUNTS -DIRECTIVE UNDER SECTION
41 OF THE BANKING COMPANIES ORDINANCE, 1962

Further to our Circular Letter No.50 dated 2nd November, 1999 on the above subject, it has been decided that banks may allow operations in the foreign currency accounts maintained under F.E. 25 Scheme of those politicians who are neither defaulters on any of their obligations to banks/NBFIs nor do they appear as defaulters in the reports of Credit Information Bureau.

Other instructions on the subject shall, however, remain unchanged.

Please acknowledge receipt.

 

Yours faithfully,
(Jameel Ahmad)
Additional Director

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