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Please refer to BSD Circular No. 27 dated 4th October, 2000
on the captioned subject whereby banks were required to maintain
with SBP a weekly average balance of 7% of total Time &
Demand Liabilities subject to daily minimum of 6%.
In terms of powers conferred under
Section 36(1) of the SBP ACT, 1956, it has been decided that
effective from 16th December, 2000 every scheduled bank shall
maintain with SBP an average balance of 5% of its total Time
& Demand Liabilities in Pakistan worked out on weekly
basis provided that the amount of balance shall not at the
close of business on any day be less than 4% of the total
Time & Demand Liabilities in Pakistan.
Other instructions issued vide BSD
Circular No.17 dated 29th June, 2000 shall however, remain
unchanged.
Please acknowledge receipt.
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