Please
refer to the BSD Circular No. 09 dated December 03, 2007
regarding temporary reduction of Special Cash Reserve
Requirement (SCRR) against FE-25 deposits.
2.
It has been decided to raise SCRR against FE-25 deposits
to its original rate with effect from June 30, 2008. Accordingly,
the banks / DFIs are required to maintain Cash Reserves
in US$ equivalent of their total FE-25 deposits on daily
basis with State Bank of Pakistan (SBP) in the following
manner:-
a) 5% Cash Reserve Account (US$)
b) 15% Special Cash Reserve Account (US$)
3.
All other instructions on the subject shall, however,
remain the same.
Please
acknowledge receipt.