Please
refer to the instruction contained BCD Circular No. 9 dated
the 4th August, 1979 as amended from time to time.
2. It has been decided that with
effect from the week ending 15th May, 1999, the following
items reported by scheduled banks in their Weekly Statement
of Position submitted to the State Bank of Pakistan shall not
be taken into account while computing the Total Demand and Time
Liabilities for the purpose of maintenance of Statutory Cash
Reserve under Section 36(1) of the State Bank of Pakistan Act,
1956 and Liquid Assets maintained under Section 29 of the Banking
Companies Ordinance, 1962:-
-
Deposits
from banks (Demand) Code No. 01-02
-
Borrowings
from banks (Demand) Code No. 01-02
-
Deposits
from banks (Time) Code No. 02-02
-
Borrowings
from banks (Time) Code No. 02-03
-
Money,
at call & short notice in Pakistan. Code No. 05-00
3.
Other instructions on the subject shall remain unchanged.
Please acknowledge receipt.
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