Circulars/Notifications - Exchange and Debt Management Department  
 EDMD Circular No. 9
26th October 2001  

All Scheduled Banks

Dear Sirs,

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.

 
Yours faithfully,
Sd/-
(Muhammad Asghar Baig)
Joint Director
       
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