Please
refer to the BSD Circular No. 08 dated April 05, 2008
regarding temporary reduction of Special Cash Reserve
Requirement (SCRR) against FE-25 deposits.
2.
It has been decided to raise SCRR against FE-25 deposits
to its original rate with effect from June 30, 2008. Accordingly,
the Islamic Banks / Branches are required to maintain
Cash Reserves in US$ equivalent of their total FE-25 deposits
on daily basis with State Bank of Pakistan (SBP) in the
following manner:-
a) 5% Cash Reserve Account (US$)
b) 6% Special Cash Reserve Account (US$)
3.
All other instructions on the subject shall, however,
remain the same.
Please
acknowledge receipt.