The Presidents/Chief Executive Officers

All Banks

Dear Sirs/Madams,

Statutory Liquidity Requirement

Please refer to DMMD Circular no. 05 dated March 08, 2018 on the subject cited above.

In terms of Government of Pakistan’s Notification No. S.R.O. 255 (I)/2019 dated February 26, 2019 the Pakistan Energy Sukuk issued by Power Holding Private Limited (PHPL) 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.

All other instructions on the subject shall remain unchanged.