Please
refer to BPRD Circular No. 9 dated the3rd March, 1999 read
with BPRD Circular letter No. 10 dated the 4th
March, 1999 and Securities Department Circular No. 01 dated
the 3rd March, 1999 on the above subject.
2.
Effective from 3rd April, 1999 the minimum rate
of return to be paid by recipients of financing facilities
from State Bank for meeting temporary liquidity shortages
and SBP-3-Day Repo Rate against Government of Pakistan Market
Treasury Bills and Federal Investment Bond has been reduced
from 15.5% to 14% on an annual basis.
Please acknowledge receipt.
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