For business information, annual reports, laws, ordinances, regulations and articles.

	Web Paksearch.com

050215

STATE BANK OF PAKISTAN - BANKING POLICY DEPARTMENT

BPD Circularter No. 4 of 2005
February 15, 2005  


The Chief Executives,
All DFIs.
Dear Sirs,

Please refer to the Branch Licencing Policy for NBFIs issued vide BSD Circular Letter No. 23 of August 08, 2000.

2. To further streamline the policy of granting permission for opening/closing/shifting of branches of Development Financial Institutions (DFIs), the Branch Opening Policy has been revisited and modified which is enclosed for information and strict compliance. The new Branch Opening Policy will become effective immediately.

3. However, the DFIs desirous of opening branch(es) in the year 2005, are being allowed, as a special case, to submit their Annual Branch Expansion Plans within 30 days from the date of issue of this Circular.

4. This supersedes the instructions issued earlier vide BSD Circular Letter No. 23 of August 08, 2000.


Please acknowledge receipt.


Encl: As Above.
Annexure.


Yours faithfully,

Sd/-
(Muhammad Kamran Shehzad)
Director

	Web Paksearch.com

Home | About Us | Contact | Information Resources