Please refer to BPRD circular No. 18 dated 18th May, 1999 on
the above subject. 2. Effective
from 5th January, 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 reduced from 13% to 11% on annual
basis.
3. Other relevant instructions shall, however,
remain unchanged.
Please acknowledge receipt.
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