2.
In exercise of the powers conferred upon the State Bank
of Pakistan under Section 36 of the State Bank of Pakistan
Act, 1956, it has been decided to revise the Cash Reserve
Requirement (CRR) with effect from 2nd February 2008 as
under :-
“Weekly
average of 8% (subject to daily minimum of 7%) of total
Demand Liabilities (including Time Deposits with tenor
of less than 1 year)”
3.
All other instructions on the subject shall, however,
remain unchanged
Please
acknowledge receipt.