All
Banks / DFIs,
Dear
Sirs/ Madam,
KNOW
YOUR CUSTOMER (PRUDENTIAL REGULATION M-1)-
INCENTIVE TO REGISTERED ALIENS RESIDING IN PAKISTAN
Please refer to Prudential Regulation No. M-1 notified vide
BPD Circular No. 10 dated March 29, 2004 on the above subject.
2.
National Aliens Registration Authority (NARA) vide letter
No. 9(6) / 2004 / DD/ (Reg-II) / NARA dated May 10, 2004
(Copy enclosed) has informed that Government of Pakistan
has, interalia, extended an incentive of opening of bank
accounts to the registered aliens residing in Pakistan on
providing a copy of “Alien Registration Card”
issued by NARA.
3.
Accordingly, at Sr. No. ‘I(1)’ of the annexure
to the above Prudential Regulation, Banks/ DFIs may accept
an attested copy of valid “Alien Registration Card”
instead of CNIC in case of registered aliens who wish to
open a bank account in Pakistan.
4.
All other instructions on the subject shall remain enforced
/ unchanged in respect of registered aliens as well.