To Presidents / CEOs / Managing Directors,

Banks / DFIs / MFBs

Dear Sir/Madam,

Establishment of Financial Institutions Resolution Department

1. It is advised that State Bank of Pakistan (SBP) has established “Financial Institutions Resolution Department (FIRD)” under the Banking Policy & Regulations Group. The FIRD will perform the function of resolution of distressed regulated entities.
2. Syed Jahangir Shah has assumed the charge of Director, FIRD. His specimen signature and contact details are appended below:

SPECIMEN SIGNATURE:

Sd/-

Syed Jahangir Shah

Director - Financial Institutions Resolution Department

Tel. No. 021-99221965, 021- 33113720

Fax No. 021-99212589

Please acknowledge receipt.