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031007
STATE BANK OF PAKISTAN - EXCHANGE AND DEBT MANAGEMENT DEPARTMENT
EDMD Circular No 17
October 07, 2003
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.
Sd/-
(Muhammad Arif)
Jr. Joint Director
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