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It
may be recalled that in terms of the instructions notified
vide BPRD Circular No. 19 dated the 26th May, 1999,
liquidity requirement for NBFIs was reduced from 14% to 12%.
2)
In supersession of the above instructions it has been decided
to revert back to the requirements operative before May 26,
1999 and, accordingly, effective from 12th July,
1999, every NBFI shall maintain liquidity ratio of 14% in
the prescribed manner. The NBFIs will, however, continue to
maintain with the State Bank of Pakistan a cash reserve of
1% of the specified liabilities, as at present.
3)
Other relevant instructions shall, however, remain uncharged.
Please acknowledge receipt.
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