All Banks,
Dear
Sirs,
Lending
to Public Sector Enterprises- Limits by SBP
Banks
are aware that State Bank has imposed a limit on the maximum
fund based facilities that a bank can provide to the individual
Public Sector Enterprises and Autonomous Bodies (PSEs/ABs)
as per list already forwarded to them
2.
It is clarified that, henceforth investment made by banks
in shares of these PSEs / ABs whether subscribed through
Initial Public Offerings (IPOs) or through purchase from
secondary market, shall not be counted towards the ceiling
fixed by State Bank in respect of financing facilities to
be provided by each bank to these PSEs/ABs.
3.
Other instructions on the subject shall remain unchanged.