Please refer to BID Circular No. 01 & 02 of 2004 and OSED Circular No. 02 of 2008 on the captioned subject.

In this regard, it has been decided to discontinue the submission of IRAF Self Assessment Questionnaires to State Bank of Pakistan. Banks / DFIs / MFBs / IBs, however will continue to fill in IRAF Self Assessment Questionnaires on half yearly basis, obtain the approval of Board of Directors within forty-five days of the cutoff date, and keep these questionnaires for their own record. Banking Inspection Department of SBP will assess these questionnaires during the course of regular inspection.

All banks/DFIs/MFBs/IBs are advised to ensure compliance to above instructions.

Please acknowledge receipt.