The Presidents/Chief Executive Officers

All Micro Finance Banks

Dear Sirs/Madams,

Statutory Liquidity Requirement (SLR)

Please refer to BSD Circular no. 31 dated December 17, 2008 on the subject cited above.

It has been decided that ‘Borrowings from Pakistan Mortgage Refinance Company Limited’ will also be exempted from maintenance of Statutory Liquidity Requirement.

All other instructions on the subject will remain unchanged.