refer to letter No. BP&RD/BLRD-08/2009-1673 dated
9th March, 2009 through which an order of Honourable Sindh
High Court was forwarded to the Banks/DFIs, highlighting
the Alternate Dispute Resolution as an additional avenue
of dispute settlement.
Since Karachi Centre for Dispute Resolution has been established
to promote alternate dispute resolution mechanism, hence
Banks/DFIs are encouraged to approach them for the purpose.
Banks/DFIs may implement the settlement reached through
this mediation process after getting necessary internal
approvals from their competent authority.
Please acknowledge receipt.