Circulars/Notifications  

 BSD Circular No.28
October 04, 2000  

All Banks,

Dear Sirs,

FINANCING FACILITIES BY STATE BANK

(ENHANCEMENT IN REPO RATE)

(Enhancement in Repo Rate from 12% to 13%)

 
Please refer to BSD Circular No.26 dated the 18th September, 2000 through which above rate has been enhanced from 11% to 12% on an annual basis.

Effective from 5th October, 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 12% to 13% on an annual basis.

Other relevant instructions on the subject shall, however, remain unchanged.

Please acknowledge receipt.
Yours faithfully,
Sd/-(KAZI ABDUL MUKTADIR)
Director

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