The
Presidents / Chief Executives
All Banks/DFIs,
Dear
Sirs / Madam,
MASTER
CIRCULAR ON FINANCIAL DISCLOSURE –
FREQUENCY & TIMELINES
Please refer to Para 3.2 of BSD Circular No.1 dated 7th January,
2004 on the above subject.
2)
It has been decided that all banks and DFIs, including the
branches of foreign banks operating in Pakistan, shall prepare
their quarterly financial statements within 30 days of the
end of the quarter to which they relate. Furthermore, the
quarterly financial statements shall also be circulated to
the shareholders and an abridged version thereof published
in the newspaper(s) within the aforesaid time.
3) Other instructions on the subject shall remain unchanged
Please
acknowledge receipt.
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