The Presidents/Chief Executive Officers

All Banks

Dear Sirs/Madams,

Statutory Liquidity Requirement (SLR)

Please refer to DMMD Circular No. 05 of 2018 on the captioned subject.

In terms of Government of Pakistan, Ministry of Energy (Power Division) notification S.R.O. 255(I)/2019 and upon issuance of GOP Guarantee in relation thereof, the Pakistan Energy Sukuk-II (PES-II) issued by Power Holding Limited (PHL) shall be an approved security for maintenance of Statutory Liquidity Requirement (SLR) under sub-section (1) of section 29 of the Banking Companies Ordinance, 1962.

Enclosed: Ministry of Energy (Power Division) notification S.R.O. 255(I)/2019