Circulars/Notifications - Banking Supervision Department  
 BPRD Circular No. 9
March 4, 1999  

All Banks

Dear Sirs,

TERMS AND CONDITIONS FOR GRANT OF FINNACING
FACILITIES BY STATE BANK
(REDUCTION IN TRPO RATE)

 

It has been that effective from 4th March, 1999 the maximum rate of remuneration to be paid by recipients of financing facilities from the State Bank for meeting temporary liquidity shortages (Repo Rate) shall stand reduced from 16.50 percent to 15.50 percent on an annual basis.

2. This Supersedes BPRD Circular No. 17 dated 21st June, 1998.

    Please acknowledge receipt.


Yours faithfully,
(Mansur-ur-Rehman Khan)
Director

       
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