In
order to facilitate the development and growth of Commercial
Paper (CP) in Pakistan and to encourage active participation
of banks/DFIs in this area, SBP has formulated certain guidelines,
which may be followed in letter and spirit. The enclosed guidelines
have been framed in consultation with all stakeholders and
are expected to facilitate the development of CP’s primary
and secondary markets in Pakistan. The State Bank will continue
to monitor the conditions in the market and may review these
guidelines, as and when considered necessary.
Please acknowledge receipt.
Enclosures
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