Please refer to BSD Circular No. 12 dated June 09, 2008.

2. In terms of Govt. of Pakistan’s notifications SRO No. 517(I)/2008 & 518(I)/2008 issued on June 09, 2008, Term Finance Certificates of Islamabad Electric Supply Company (IESCO), Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO) and Lahore Electric Supply Company (LESCO), have been notified as Approved Security for the purpose of Statutory Liquidity Requirement (SLR) under Section 29 of the Banking Companies Ordinance, 1962.

3. However, overall holding of these Term Finance Certificates and Pakistan Investment Bonds for
SLR purposes shall not exceed 5% of the Time and Demand Liabilities.

4. All other instructions on the subject will remain the same.

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