The Presidents/Chief Executives

All Banks/ DFIs

Dear Sir/Madam,

Submission of Quarterly/ Annual Capital Adequacy (CAR) Returns

This is with reference to BSD Circular No. 02 of November 14, 2011 and BPRD Circular Letter No. 35 of November 28, 2014 on the subject.

In this regard, as you are aware that SBP has issued instructions for the implementation of Basel III in Pakistan vide BPRD Circular No. 6 of August 15, 2013 which has replaced Chapter 1 of the BSD Circular No. 8 of June 27, 2006 pertaining to eligible capital and the related deductions. Accordingly, the CAR reporting format was also revised in line with Basel III instructions and communicated to the banking industry through emails for submission of quarterly/ audited annual CAR returns.

Now, the revised CAR reporting format under Basel III has been automated on Data Acquisition Portal - DAP Portal which will replace the existing automated CAR reporting under Basel II.

As such, all the banks and DFIs are advised to comply with the following instructions with immediate effect:

1. Submit quarterly un-audited Basel III CAR returns, on consolidated as well as on stand-alone basis, in hard copy format and upload the same on DAP portal within fourteen (14) working days from the close of each calendar quarter.
2. Submit annual audited Basel III CAR returns, on consolidated as well as on stand-alone basis, in hard copy format and upload the same on DAP portal within three (3) months from the close of each calendar year.
3. Discontinue submission of CAR returns based on Basel II instructions both in the hard copy format as well as uploading of the same on DAP portal.

This circular shall supersede instructions contained in BSD Circular No. 02 of November 14, 2011.

Please acknowledge receipt.