We
invite your attention to EDMD circular No. 1 dated 19 th
June 2000, wherein under
Section D(10) it was stipulated that at any given day end
a PD’s holding in a single issue
of PIB will not exceed 30% of the total issue amount.
With
the view to promote Secondary Market activities it has now
been decided that henceforth
at any given day end a Non PD bank’s holding from a single
issue of Pakistan Investment
Bond (PIB) should not exceed 15% of the total issue amount.