All Banks/NBFI’s

Dear sirs,

Amendment in Pakistan Investment Bonds Rules, 2000

The Government of Pakistan vide their Notification dated the 6th October, 2003 (copy enclosed) is pleased to make amendment in the Pakistan Investment Bonds Rules, 2000

In the aforesaid Rules, rule 4 has been substituted as under:-

“4. The maturity period of the Bonds shall be three, five, ten, fifteen and twenty years.”

The above amendment has now allowed Government of Pakistan to issue Pakistan Investment Bonds of 15 and 20 years tenor in addition to 3, 5, and 10 year bonds introduced in December, 2000.