The Presidents / Chief Executives

All Commercial Banks

Dear Sir / Madam

ONE TIME DISPENSATION FOR FINANCIAL YEAR 2015-16 FOR CHEQUES ISSUED IN JUNE 2016

Please find enclosed copy of Finance Division’s letter dated June 29, 2016 along with copy of Notification of Finance Division, Ministry of Finance, Islamabad, whereby Federal Government with the approval of the Competent Authority has granted one time dispensation for the financial year 2015-16 for clearance / encashment of Federal Government cheques on or upto July 7, 2016 (instead of June 30, 2016).

You are advised to communicate these instructions to your branches for necessary compliance.