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STATE BANK OF PAKISTAN NBFIs REGULATIONS AND SUPERVISION DEPARTMENT CENTRAL DIRECTOTATE

P.O. Box No 4456
KARACHI

NBFIs Circular No. 3
26^th February, 1995

The Chief Executives, All Investment banks.

Dear Sir,
Please refer to Rule No. 6 of NBFIs Circular No. 1 dated 5^th December 1991 as modified from time to time. In the existing Rule 6 of the Rules of Business or NBFIs the following words may be inserted after the words "NIT Units".

" Investment Banks may also invest in Registered NIT Units shares of listed companies for the purpose of maintaining 15% liquidity under Rule 6 subject to conditions that at any given time the amount invested in the shares of any one company shall not exceed the value of one minimum marketable lot at recognised in Stock Exchange or all of the liabilities as defined in Rule 6 of NBFIs Rule whichever is higher."

The above amendment shall come into force with immediate effect.

Please acknowledge receipt.

Yours Faithfully,
(MUHAMMAD )
Additional Director

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