APROPOS your editorial ‘Debt plan’ (March 28) wherein you asserted, “Banks might need more specific guidance on how to treat those parties who seek to avail the terms being offered.”

It is pertinent to mention here that our instructions addressed to the regulated entities clearly mention that a deferment of principal amount for twelve months or rescheduling / restructuring of financing facilities for a period exceeding 12 months will not affect the credit history of the obligors.

Abid Qamar

Chief Spokesman

State Bank of Pakistan

Karachi

Published in Dawn, April 2nd, 2020