Please
refer to BSD Circular No.03 dated the 22nd January,
2002 through which the above rate has been reduced from 10%
to 9% on annual basis.
2.
It has been decided to further reduce the minimum rate
of return to be paid by recipients of financing facilities
from State Bank for meeting temporary liquidity shortages
and SBP 3-day Repo facility. Accordingly, with effect from
18th November, 2002, the minimum rate of return
to be paid by recipients of financing facilities from State
Bank for meeting temporary liquidity shortages and SBP 3-day
Repo facility against Government of Pakistan Market Treasury
Bills and Federal / Pakistan Investment Bonds has been reduced
from 9 % to 7.5 % on annual basis.
3.
Other relevant instructions on the subject shall, however,
remain unchanged.
Please acknowledge receipt.
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