Circulars/Notifications - Exchange and Debt Management Department  
 EDMD Circular No. 14
September 24, 2003 

All Primary Dealers/
Other Scheduled Banks/NBFI’s

Dear Sirs,

Non-Competitive Bids-Modus Operandi

Please refer to EDMD Circular No. 13 dated 17-09-2003 wherein modus operandi for non-competitive bids for PIB Auction was circulated.

In this regard it is advised that for each non-competitive bid there will be a ceiling of Rs. 10 million. Other instructions on the subject will remain unchanged.

(Muhammad Arif)
J. Joint Director

 
Endst. No. EDMD/ /3(169)/03

Copy forwarded for information to:

1. P.S.O. to Governor, State Bank of Pakistan, Karachi.

2. P.A. to Deputy Governor (Management), State Bank of Pakistan, Karachi.

3. P.A. to Deputy Governor (Banking & Foreign Exchange), State bank of Pakistan, Karachi.

4. P.A. to Chief Economic Advisor, Executive Directors, Economic Advisor and all Advisors SBP, Karachi.

5. The Managing Direcrtor, State Bank of Pakistan Banking Services Corporation (Bank), Karachi.

6. All Heads of Departments, State Bank of Pakistan, Karachi.

7. The Chief Manager, State Bank of Pakistan BSC (Bank), Karachi

8. The Chief Manager, State Bank of Pakistan BSC (Bank), Lahore

9. The Chief Spokesman, Corporate & Media Affairs Department, State Bank of Pakistan, Karachi


Ovais Aziz
EDMO

       
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