All
Banks/NBFI’s
Dear
sirs,
Amendment
in Pakistan Investment Bonds Rules, 2000
The
Government of Pakistan vide their Notification dated the
6th October, 2003 (copy enclosed) is pleased to make amendment
in the Pakistan Investment Bonds Rules, 2000
In
the aforesaid Rules, rule 4 has been substituted as under:-
“4.
The maturity period of the Bonds shall be three, five, ten,
fifteen and twenty years.”
The above amendment has now allowed Government of Pakistan
to issue Pakistan Investment Bonds of 15 and 20 years tenor
in addition to 3, 5, and 10 year bonds introduced in December,
2000.