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

In terms of Government of Pakistan, Ministry of Finance notification S.R.O. 746(I)/2021 dated May 31, 2021, the privately placed Sukuk to be issued by Pakistan International Airlines Company Limited (PIACL) under the title of “PIA-Sukuk-I” shall be an approved security for maintenance of SLR under sub-section 1 of section 29 of the Banking Companies Ordinance, 1962.

Further, SLR eligibility limit (i.e. 7%) on Public Sector Sukuk shall be applicable on PIA Sukuk-I in accordance with the provisions of the Circular referred above.

 

Enclosed: Ministry of Finance notification S.R.O. 746(I)/2021