Circular 25 /2009 – Insurance/Renewal of Insurance Surveying Licence and Registration as ASO under Section 112 and 113 of Insurance Ordinance 2000, applications will be entertained twice a year.
Circular 26 /2009 – Cancelation/revocation of SRO No 388(I)/2009 dated 12 .05.09 ref. amendments to Modaraba Rules
Selling agent or other agent in the ordinary course of business of the company or an advance received against orders for the supply of goods or properties or for rendering services” This supsercedes SRO 738 (I)/2009 dated 19 August 2009 SRO 764 (I) 2009 – Amendments in Non Banking Finance Companies and Notified Entities Regulations 2008
Circular 28 /2009 – Lists Chartered Accountancy firms which are approved by Registrar (Modarabas) to act as statutory auditors of a Modaraba
Circular 27 /2009 – Clarification of Regulations No 37 and 38 of the Non Banking FinanceCompanies and Notified Entities Regulations 2008
SRO 767 (I)/2009 – Export Policy Order 2009
SRO 766 (I)/2009 – Import Policy Order 2009
SRO 780 (I)/2009 – Amendments in Group Companies Registration Regulations 2008
SRO 781 (I)/2009 – Amendment to Companies (Invitation and Acceptance of Deposits)
Rules 1987 – Rule 3, sub rule 4, clause (j) changed to: “amount received by way of security or an advance from any purchasing agent,
SECP withdrew the proposed amendments to the Insurance Ordinance, 2001, mentioning that all stakeholders must be involved in the amendment process
SECP has accorded approval of Crude Oil Futures, 100 ounces Gold Futures and Silver Futures Contracts to National Commodity Exchange Limited (NCEL)
Circular No 29/2009 – Anti Money Laundering Measures – Customer Due Diligence(CDD)/ Know Your Customer(KYC) – additional information requirements
SMD/BO/Policy-1(2)2001 –Prescribed additional information concerning the pattern of shareholding, filing of Form A and soft copy of the list of members. Also details on filing of returns of Beneficial Ownership under Section 222 of the Companies Ordinance, 1984
SBP Update
DMMD Circular 1 – Introduction of interest rate corridor for the money market overnight reporates.
DMMD Circular 2 – Amendment in Circular 1 re SBP Overnight Reverse –Repo Facility
FE Circular no 4 – Amendment in instructions relating to Home Remittances
PSD Circular no 2 – Outlines details of payment and settlement of home remittance transactions under Pakistan Remittance Initiative (PRI)
BPRD Circular No 25 – Collection of utility bills
MFD Circular 2/2009 – Details amendments in Prudential Regulations for Microfinance Banks
SMEFD Circular No 13/2009 – SME Loan documents to be translated into Urdu
ACD Circular No 1/2009 – Amendments in Revolving Credit Scheme (RCS) for Agriculture
SMEFD Circular No 14/2009 – Scheme for Modernisation of Cotton Ginning Factories
No 3(3)TID/09-P-I – Effective 01/09/09 the Federal Government will provide Mark Up rate support on all outstanding running balances of principal amount of floating rate long term loans availed by the textiles industry from commercial banks/Development Finance Institutions disbursed up to 31 August 2009, for financing import/purchase of textile machinery for which funds under State Banks LTFF have not been availed.
No 3(2) TID/09-P-I – Export Finance Mark up Rate Facility Order 2009 – the Federal Government shall provide mark up rate support of 2.5% to the exporters of textile industry on outstanding balances of principal amount of loans availed by the industry from commercial banks for export of eligible commodities under State Banks Export Finance Scheme
No 3(1) TID/09-P-I – Provision for drawback of local taxes and levies collected from garments, home textiles and processed fabric manufacturing units
BPRD Circular Letter No. 26 – Micro finance Institutions are now allowed to avail financing from Banks/DFIs under the MCGF
