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010811
The Gazette of Pakistan
ISLAMABAD, SATURDAY, AUGUST 11, 2001
PART II
Statutory Notifications (S.R.O.)
GOVERNMENT OF PAKISTAN
FINANCE DIVISION
(Budget Wing)
DEBT MANAGEMENT CELL
NOTIFICATION
Islamabad, the 11th August, 2001
S.R.O. 580(I)/2001.-- In exercise of
the powers conferred by clause (b) of sub-section (2) of section 3 of the Foreign Exchange
(Temporary Restrictions) Act, 1998 (IV of 1998), and section 28 of the Public Debt Act,
1944 (XVIII of 1944), the Federal Government is pleased to direct that the following
further amendments shall be made in the Special US Dollar Bonds Rules, 1998, namely:-
In the aforesaid Rules, the existing rule 10 shall be renumbered as sub-rule (1) of that
rule and after sub-rule (1), renumbered as aforesaid, the following new sub-rules shall be
added, namely:-
(2) 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 interbank dollar to rupee conversion rate for the
day preceding the maturity date plus a Rupee Redemption Bonus of 5 per cent of the total
rupee value of the Bond.
(3) 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 per cent.
[No. F. 12 (3) DM/99.]
MUHAMMAD ANWAR KHAN,
Deputy Secretary (DM)
