Please
refer to BPRD Circular No. 20 dated the 21st September,
1995 read with BPRD Circular letter No. 35/127. Pub.95 dated
the 19th November, 1995 in terms of which all commercial
banks were advised that their aggregate credit to Public Sector
Enterprises (PSEs) should not exceed the aggregate amount
outstanding as on end May, 1995. It has been decided to withdraw
the above restriction. Banks are, however, advised to ensure
that requests from Public Sector Enterprises for credit lines
are considered on merit and prudential requirements are strictly
observed.
2.
The above relaxation will not apply to WAPDA, KESC, PTCL,
SNGPL, SSGC AND OGDC.
3.
Instructions regarding reporting of aggregate credit outstanding
against Public Sector Enterprises by way of a footnote to
the weekly statement of position being submitted to us under
Section 36(3) of the SBP Act, 1956 shall, however, continue
to remain operative as hithertofore.
Please acknowledge receipt.
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