Please refer to the BPRD Circular No. 05 dated May 22, 2008 through which the above rate has been fixed at 12% p.a.

2.) It has been decided that with effect from 30th July, 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 100 basis points i.e. from 12 % to 13% p.a.

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

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