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SD Circular No. 2
26th July, 1997

All Scheduled Banks,

All Chief Managers of State Bank of Pakistan.

Dear Sir,
STATE BANK OF PAKISTAN-3-DAY REPO FACILITY

Kindly refer to SD Circular No. 01 dated 17th June, 1997 on the captioned subject.

2. It has been decided to reduce the SBP 3-Day Repo Rate against Short-Term Federal Bonds and Federal Investment Bonds by 0.50 per cent to 18.50 per cent per annum with effect from 28th July, 1997.

Please acknowledge receipt.


Yours faithfully,

Sd/-
(MUHAMMAD ILYAS)
Director
Ph: 2428943

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