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REGULATION-XIV
PAYMENT OF DIVIDEND
No bank shall pay any dividend on its
shares unless and until:-
(a) All its capitalized expenses (including preliminary expenses, organization expenses,
share selling commission/brokerage, amount of losses incurred and any other item of
expenditure not represented by tangible assets) have been completely written off; and
(b) All bad and doubtful debts and other classified assets have been fully and duly
provided for in accordance with the Prudential Regulations and to the satisfaction of the
State Bank of Pakistan.
