Question #61426

As per section 31-C of the National Accountability Ordinance, 1999 no Court established under this Ordinance shall take cognizance of an offence against an officer or an employee of a bank or financial institution for writing off, waiving, restructuring or refinancing any financial facility, interest or markup without prior approval of the_______________?


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Answer: As per section 31-C of the National Accountability Ordinance, 1999 no Court established under this Ordinance shall take cognizance of an offence against an officer or an employee of a bank or financial institution for writing off, waiving, restructuring or refinancing any financial facility, interest or markup without prior approval of the State Bank of Pakistan.

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