Please refer to BRRD Circular No.02 dated the 4th January, 2000
through which above rate has been reduced from 13% to 11% on
an annual basis.
Effective
from 19th September, 2000 the minimum rate of return to be
paid by recipients of financing facilities from State Bank
for meeting temporary liquidity shortages and SBP 3-Day Repo
facility against Government of Pakistan Market Treasury Bills
and Federal Investment Bonds has been enhanced from 11% to
12% on an annual basis.
Other
relevant instructions shall, however, remain unchanged.
Please
acknowledge receipt.
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