In continuation of FSCD Circular No. 13, dated September 06, 2008 wherein rules relating to GOP Ijara Sukuk were notified, it may be noted that these Ijara Sukuks are eligible for maintenance of Statutory Liquidity Requirement (SLR) under Section 29 of the Banking Companies Ordinance 1962(BCO) as mentioned in GOP’s SRO 893(I)/2008 dated August 27, 2008. The SLR eligibility of these Sukuks shall be effective from the date of issuance / settlement of 1st issue of Sukuks. Moreover, the investment in these Sukuks would be fully counted towards SLR.

All other instructions on the subject shall remain the same.

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