Please refer to the BPRD Circular No. 14 dated November 12, 2008 through which the above rate has been fixed at 15% p.a.

2.) It has been decided that with effect from 21st April, 2009 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 reduced by 100 basis points i.e. from 15 % to 14 % p.a.

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

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