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SD Circular No. 5
22nd June, 1998

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. 3 dated 28th October, 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 1.50 per cent to 16.50 per cent per annum with effect from 1st July, 1998.

Please acknowledge receipt.

Yours faithfully,

Sd/-
(Riaz Riazuddin)
Director
2428943

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