The Presidents/Chief Executive Officers
All Banks
Dear Sirs/Madams,
Statutory
Reserve Requirements-Cash Reserve and Statutory
Liquidity Requirement
Please refer to DMMD
Circular no. 04 and DMMD
Circular no. 05 dated March 08, 2018 regarding
Statutory Cash Reserve Requirement and Statutory
Liquidity Requirement respectively.
It has been decided that ‘Borrowings
from Pakistan Mortgage Refinance Company Limited’
will be exempted from maintenance of Cash
Reserve Requirement and Statutory Liquidity
Requirement.
All other instructions on the subject will
remain unchanged.