Please
refer to BSD Circular No.34 dated 15th December,
2000 whereby Banks were required to maintain with SBP Special
Deposit equivalent to 2% of their total Time and Demand Liabilities
as of 9th December, 2000.
The
said requirement of maintaining Special Deposit of 2% with
the SBP has been withdrawn with effect from 11th
January, 2001. However, banks shall continue to maintain Statutory
Cash Reserve as prescribed vide BSD Circular NO.33 dated 15th
December, 2000.
Please
acknowledge receipt.
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