BPRD
Circular No. 14 of 2008 |
November 12, 2008 |
The
Presidents/Chief Executives,
All Banks,
Dear Sirs / Madam,
FINANCING FACILITIES BY STATE BANK OF PAKISTAN–
ENHANCEMENT IN REPO RATE FROM 13 % to 15%
Please
refer to the BPRD Circular No. 08 dated July 29, 2008
through which the above rate has been fixed at 13% p.a.
2.)
It has been decided that with effect from 13th November,
2008 the minimum rate of return to be paid by recipient
of financing facilities from State Bank of Pakistan
(SBP) for meeting temporary liquidity shortage and SBP
3-day Repo facility against Government of Pakistan Market
Treasury Bills and Federal/Pakistan Investment Bonds,
has been enhanced by 200 basis points i.e. from 13 %
to 15% p.a.
3.)
Other instructions on the subject shall, however, remain
unchanged.
Please
acknowledge receipt.
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Yours
sincerely,
Sd/-
(Muhammad
Akhtar Javed)
Senior Joint Director
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