Circulars/Notifications - Banking Supervision Department  
 BSD Circular No.26
September 18, 2000  

All Banks,

FINANCING FACILITIES BY STATE BANK

(ENHANCEMENT IN REPO RATE)

(Enhancement in repo rate from 11% to 12%)

Please refer to BRRD Circular No.02 dated the 4th January, 2000 through which above rate has been reduced from 13% to 11% on an annual basis.

Effective from 19th September, 2000 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 facility against Government of Pakistan Market Treasury Bills and Federal Investment Bonds has been enhanced from 11% to 12% on an annual basis.

Other relevant instructions shall, however, remain unchanged.

Please acknowledge receipt.

Yours faithfully,
Sd/-(KAZI ABDUL MUKTADIR)
Director

       
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