Please
refer to BSD circular No. 26 dated October 17, 2008
on the above subject.
2)
In terms of Government of Pakistan’s notification
issued on December 17, 2008, Sukuks issued by Lahore
Electric Supply Company (LESCO), have been notified
as Approved Security for the purpose of Statutory Liquidity
Requirement (SLR) under Section 29(1) and Section 13(2)
of the Banking Companies Ordinance 1962, for banks having
Islamic Banking license as full fledged banks or Islamic
Banking Branches only to the extent of 5% of their Demand
and Time Liabilities.
3)
All other instructions on the subject shall remain unchanged.
Please
acknowledge receipt.