A meeting was held on April 20, 2022, between IFC, SBP and PBA to further discuss IFC’s report on the Non-Performing Loan (NPL) Market in Pakistan. The International Finance Corporation (IFC) had conducted a diagnostic assessment of the Non Performing Loans (NPL) Market in Pakistan earlier this year, identifying deficiencies in the collateral valuation framework in Pakistan and issuing an assessment report. SBP had subsequently shared the assessment with PBA, requesting feedback and PBA’s Risk Sub Committee had given its comments on the relevant action points of the diagnostic report which were shared with SBP.
To further deliberate on the action items, a meeting was held between SBP and PBA on April 21, 2022. On the basis of recommendations made in the Report, modus oprendi of introducing internationally accepted valuation methods and membership of international professional bodies was discussed. PBA has conveyed its feedback to SBP.
