Last update: Wed, 10 Feb 2016 03pm

Banks told to submit monthly data via DAP

The State Bank of Pakistan (SBP) Tuesday issued new directives for monthly statement of private sector buyers/suppliers/commercial credits/loans from non-residents. According to a Circular No DS.PL.31.13/2014-1029, the banks are submitting the side statement to Statistics and Data Warehouse Department, SBP, by 10th of the following month in excel format through electronic mail.

In order to further facilitate banks and streamline reporting, submission of statement is being channelised through Data Acquisition Portal (DAP) for December 2014 and onwards with the same timeline of data submission. There would be a parallel submission through email as per practice for December 2014 and January 2015 and subsequently discontinued.

All banks have been advised to submit the subject monthly data with due accuracy and timeliness through DAP regularly by 10th of every month, the circular said.

Copyright Business Recorder, 2015