Circulars/Notifications - Banking Supervision Department  
 BPRD Circular No.33
December 15, 2000  

All Banks/NBFIs,

Dear Sirs,

CASH RESERVE OF SCHEDULED BANKS MAINTAINED
WITH STATE BANK OF PAKISTAN UNDER
SECTION 36(1) OF SBP ACT. 1956

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.

Yours faithfully,
(KAZI ABDUL MUKTADIR)
Director

       
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