Circulars/Notifications - Banking Policy & Regulations Department  
 BPRD Circular Letter No. 15 of 2010
July 05, 2010

The Presidents / Chief Executive Officers
All Banks / DFIs,


Dear Sir / Madam,

Regulation R-6 of Prudential Regulations for Corporate/Commercial Banking


Please refer to Regulation R-6 of Prudential Regulations for Corporate/Commercial Banking as amended from time to time.

2. In order to facilitate development of Real Estate Investment Trusts (REIT) in Pakistan, it has been decided that banks/DFIs’ investment in units of REIT shall not be counted towards the aggregate investment limits of 30% and 45% of equity of the banks and Islamic banks/DFIs respectively, prescribed in the Regulation R-6 of Prudential Regulations for Corporate/Commercial Banking.

3. All other instructions on the subject shall, however, remain unchanged.

4. Please acknowledge receipt.


Yours Sincerely,

Sd/-

(Muhammad Saleem)
Additional Director

       
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