Please refer
to Prudential Regulation M-1 for Corporate / Commercial
Banking as amended vide BPRD Circular Letter No. 07 dated
March 09, 2009.
2.
It has been decided to substitute the
paragraph 7(a) of Prudential Regulation M-1 with the following:
“7(a)
For customers/clients whose accounts are either dormant
as per bank’s own policy or an attested copy of
account holder’s Computerized National Identity
Card (CNIC) is not available in bank’s/DFI’s
record, bank/DFIs may allow credit entries in such accounts.
Debit transactions/ withdrawals shall not be allowed until
the account holder produces an attested copy of his/her
CNIC and fulfills all other formalities for activation
of the account. However, transactions e.g debits under
the recovery of loans and markup etc. any permissible
bank charges, government duties or levies and instruction
issued under any law or from the court will not be subject
to debit or withdrawal restriction.”