PUBLIC SECTOR STATUS, APPLICABILITY OF BNA & GUARANTEE OF FWBL’S DEPOSITS BY THE GOVERNMENT UNDER BNA 1974.

The Government of Pakistan vide its letter No. F. 6(2) –DS (BR-II)2000-355 dated 10 June 2011, has exempted FWBL from the application of the Office Memorandum No. F.4.(1)/2000-BR-II, dated 12 November 2002. Under the said office Memo, Government laid down certain requirements to be complied with by public sector enterprises and local/autonomous bodies while depositing their working balances for their operations with any public or private bank. This exemption will come into effect immediately.

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