The State Bank of Pakistan (SBP) has allowed the banks to send electronically the statement of
account to their credit card holders.
According to BPRD Circular Letter No.06 dated the 24th March, 2011, the banks have been asked to send
SMS alert on credit card holders' mobile numbers informing them that the e-statement has been sent via
email.
In order to further facilitate the banks and the customers the existing Regulation (PR - O-2) of Prudential
Regulation for Consumer Financing has been revised and replaced as under which will be operational with
immediate effect.
Banks / DFIs shall provide to the credit card holders, the statement of account at monthly intervals, unless
there has been no transaction or no outstanding balance on the account since last statement. The statement of
account should be dispatched to the credit card holders through a courier company or express post services
of Pakistan Post.
