Please refer to Regulation No. 27 of Prudential Regulations for Microfinance Banks (MFBs) and SBP, MFD Circular Letter No. 01 dated October 20, 2009.

2. It has been decided to change the data submission timeline of quarterly data from quarter ending June 30, 2011. The Microfinance Banks (MFBs) will upload their quarterly data through Data Acquisition Gateway (DAG) portal within 18 working days from the end of each quarter instead of 30 days.

3. All MFBs should take necessary actions to upgrade their systems so as to ensure data submission within 18 working days by June 2011. MFBs are further advised to submit their action plans and forecasted reduction in data submission time for next three quarters within 15 days of this circular letter.

4. The late/non-submission of the data through portal will attract punitive action under the relevant provisions of the Microfinance Institutions Ordinance, 2001.

5. All other instructions shall remain unchanged.

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