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The Presidents / Chief Executives
All Banks/DFIs
Dear Sir/Madam,
Basel III Capital Framework: Treatment of FX Translation Reserves
Please refer to “Instructions for BASEL-III Implementation in Pakistan” issued vide BPRD Circular No. 6 of 2013.
- It has been decided to treat Foreign Exchange Translation Reserves as part of Common Equity Tier-1 (CET-1) Capital with effect from December 31, 2024.
- All other instructions on the subject shall remain unchanged.
Please acknowledge receipt.
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