Please
refer to BPRD Circular Letter No. 26 dated 21st June, 1999
on the captioned subject.
2. In this connection, it has been decided to enhance the
limit for holding board meetings abroad from 2 to 4 in case
of banks incorporated in Pakistan having foreign participation/equity
of 51% or more in the paid up capital of the bank. The bank
concerned will, however, only inform SBP in writing as and
when they hold meeting abroad.
Please
acknowledge receipt.