Please refer to the BPRD Circular No. 01 dated January 31, 2008 through which the above rate has been fixed at 10.50% p.a.

2.) It has been decided that with effect from 23rd May, 2008 the minimum rate of return to be paid by recipient of financing facilities from State Bank 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 150 basis points i.e. from 10.50 % to 12 % p.a.

3.) Other instructions on the subject shall, however, remain unchanged.

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