Please refer to BSD Circular No.24 dated the 6^th June, 2001 through which above rate has been enhanced from 13% to 14% on an annual basis.

Effective from 19^th July, 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 14% to 13% on an annual basis.

Other relevant instructions on the subject shall, however, remain unchanged.

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