970617

S.D. Circular No.1
Dated the 17th June, 1997.

State Bank of Pakistan 3 -- Day REPO Facility

Kindly refer to SD Circular No.2 dated the 22nd October, 1996 on the captioned subject.

It has been decided to reduce the SBP 3-Day Repo Rate against Short-Term Federal Bonds and Federal Investment Bonds by 1.00 per cent to 19.00 per cent per annum with effect from 18th June, 1997.