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050318
STATE BANK OF PAKISTAN - BANKING POLICY DEPARTMENT
BPD Circular Letter No. 10 of 2005
March 18, 2005
The Presidents/ Chief Executives
All Banks/DFIs
Dear Sir/ Madam,
KNOW YOUR CUSTOMER (PRUDENTIAL REGULATION M-1)-
BANKING FACILITIES TO NICOP/POC HOLDERS
Please refer to Prudential Regulation No. M-1 notified vide BPD Circular No.10
dated March 29, 2003 and other instructions issued from time to time, on the
above subject.
2. It has been decided that the banks/DFIs may accept attested copy of National
Identity Card for Overseas Pakistani (NICOP) and Pakistan Origin Card (POC)
issued by National Database Registration Authority from their holders for
opening bank accounts in Pakistan both in local and foreign currency in lieu of
Computerised National Identity Card (CNIC) as mentioned at Sr. No.1 (1) of the
annexure to the above Prudential Regulations.
3. All other instructions on the subject shall remain enforced / unchanged.
Please acknowledge receipt.
Yours faithfully,
Sd/-
(MUHAMMAD KAMRAN SHEHZAD)
Director
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