Please
refer to BSD Circular No.29 dated the 16th August,
2001 through which the above rate has been reduced from 13%
to 12% on annual basis.
2.
It has been decided to further reduce 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.
Accordingly effective from 22nd October,
2001 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 / Pakistan Investment
Bonds has been reduced from 12% to 10% on annual basis.
3.
Other relevant instructions on the subject shall, however,
remain unchanged.
Please acknowledge receipt.
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