The Presidents/Chief Executives
Sirs / Madam,
CASE NO.4/2006 - PROPER ARRANGEMENTS
IN COMMERCIAL BANKS FOR DEPOSITING UTILITY BILLS
Supreme Court of Pakistan in a suo-moto action has opined
that if all the scheduled banks, Post Offices, National
Saving Centre and Petrol Pumps are allowed to collect utility
bills, the burden on particular bank for the deposit of
utility bills would be reduced. The Court has further directed
that, in the meanwhile, all the banks authorized to collect
the utility bills are directed to provide facility of drinking
water and sheds immediately in accordance with the Municipal
Laws, to the consumers who have to stand in queue during
the hot season.
In view of the above, all branches of the scheduled commercial
banks are directed to collect utility bills from the consumers
in terms of BPRD Circular No. 38 dated the November 10,
1997 and subsequent instructions on the subject. Banks may
also appropriately inform the general public through press/media
in this regard. For collection of utility bills, the banks
may complete all necessary formalities with the Utility
Companies and submit a compliance report to State Bank latest
by 31st July, 2006.
All the banks that are already collecting utility bills
are again directed to make special arrangements to ensure
provision of drinking water and sheds in accordance with
the Municipal Laws to the consumers, as has already been
advised earlier vide our BPRD Circular No. 38/1997. A compliance
report in this regard may be submitted by 30th June, 2006.
State Bank will carry out surprise checks of the bank branches
ensuring adherence to the above instructions. Any violation
of SBP instructions in this regard will attract the penal
provision under the Banking Companies Ordinance, 1962.