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010811
STATE BANK OF PAKISTAN CENTRAL DIRECTORATE KARACHI
Date 11th August,
2001
EDMD Circular No.4
All Authorised Dealers,
Dear Sirs,
It has been decided by the Federal Government that the holders of Special US Dollar
Bonds of three years maturity may be given following options in addition to redemption of
bonds in US Dollars: -
1. In case bonds of three years’ maturity are redeemed in Pak rupees, holders
will get Pak rupees in lieu of face value of bond on inter bank dollar to rupee conversion
rate for the day preceding the maturity date plus a Rupee Redemption Bonus of 5 % of the
total rupee value of the Bond.
2. Face Value of Bonds of three years’ maturity may be re-invested for further
a period of three years starting from the date of redemption at a profit of six
months’ LIBOR on the day preceding the date of payment plus two percent.
Finance Division Notification dated 11th August, 2001 in this regard is
enclosed.
Yours faithfully,
(Muhammad Shakir)
Director
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