ISLAMABAD: The National Assembly's Standing Committee on Finance and Revenue steered the service of account and the State Bank of Pakistan on Sunday to reexamine the Credit Bureaus Act, 2014. 


A gathering of the board, managed by Omar Ayub Khan, controlled the service and the SBP to reexamine the demonstration in vicinity of stakeholders and submit a corrected draft following 15 days. 

Mnas Qaiser Ahmad Sheik, Daniyal Aziz, Pervaiz Malik, Sheik Fayyazuddin, Nasir Khan Khattak, Mohammad Ali Rashid and Abdul Rashid Godil and senior officers of the service of money, SBP, Securities and Exchange Commission of Pakistan and National Bank of Pakistan went to the gathering. 

The gathering likewise looked for a report contrasting the law and the Indian Credit Bureaus Act and the best laws drilled on the planet. 

An announcement issued by the National Assembly Secretariat said the gathering considered the Credit Bureaus Act and got briefings on the working of the SECP and a NBP trick in Bangladesh, which created a loss of Rs12 billion. 

Tariq Nasim Jan, who went to the gathering on uncommon welcome as a stakeholder, educated the board that stakeholders were not assumed board by the SBP amid the planning of the Credit Bureaus Act. 

The advisory group communicated disappointment over a few conditions of the demonstration as presented in the National Assembly. 

The NBP president told the advisory group that a report on the trick in Bangladesh would be finished one month from now. 

The gathering constituted a sub-advisory group with Qaiser Ahmad Sheik as convenor to examine the trick and submit its discoveries in 45 days from the date of its initially meeting. 

The advisory group conceded talk on the SECP's working and chose to welcome stakeholders/ agents to go to its next gathering to be hung on Oct 14. 

The gathering reconsidered the terms of reference of the sub-panel constituted prior with Daniyal Aziz as convenor and included Pervaiz Malik as its part.

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