Please
refer to BSD circular No. 08 dated May 28, 2004 (Annexure-B)
on the above subject.
2) Presently PIB’s and TFC are eligible towards
SLR to the extent of 5% of Time and Demand Liabilities
(TDL). It has been decided to increase this limit to 10%
w.e.f. 18th October 2008, and this additional increase
of 5% can only be met through investments in Pakistan
Investment Bonds (PIBs). Furthermore, this increase is
applicable on the investments in PIBs held in Bank’s
own account only.
3) All other instructions on subject remain unchanged.
Kindly acknowledge receipt.