950420
STATE BANK OF PAKISTAN NBFIs REGULATIONS AND SUPERVISION DEPARTMENT CENTRAL DIRECTOTATE KARACHI
NBFIs Circular No. 6
20th April 1995
Chief Executives of All NBFIs
Dear Sirs,
CREDIT RATING OF NBFIs
It has been decided to make it mandatory for NBFIs to save their Credit Rating done by a Credit Rating Agency on the panel approved by the State bank of Pakistan. "Pakistan Credit Rating Agency" has already been approved for the purpose.
2. Accordingly you are advised to arrange for Credit Rating of your Institution by the above Agency. The date by which you are required to see your Institution rated and be communicated to you through a separate letter.
Yours faithfully,
(yasmeen )
Joint Director
