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050411
STATE BANK OF PAKISTAN - BANKING POLICY DEPARTMENT
BPD Circular No. 15 of 2005
April 11, 2005
All Banks
Dear Sirs,
FINANCING FACILITIES BY STATE BANK
(ENHANCEMENT IN REPO RATE FROM 7.5% TO 9%)
Please refer to BPD Circular No.33 dated the 16th November, 2002 through which
the above rate had been fixed at 7.5% on annual basis.
2. It has been decided that effective from 11th April, 2005 the minimum rate of
return to be paid by recipients of financing facilities from State Bank for
meeting temporary liquidity shortage and SBP 3-day Repo facility against
Government of Pakistan Market Treasury Bills and Federal / Pakistan Investment
bonds has been enhanced from 7.5% to 9.0%.
3. Other relevant instructions on the subject shall, however, remain unchanged.
Please acknowledge receipt.
Yours faithfully,
Sd/-
(MUHAMMAD KAMRAN SHEHZAD)
DIRECTOR
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