State Bank enhances Statutory Liquidity Requirements eligibility limit

Karachi: State Bank of Pakistan said it has been decided to increase Statutory Liquidity Requirements SLR eligibility limit of all issues of Pakistan Investment Bonds PIBs from 10% to 15% of Time and Demand Liabilities.

The eligibility of TFCs for maintaining SLR notified vide BSD circular 12 dated 9th June 2008 and BSD Circular 4 dated 22nd June 2010, stands cancelled and hence no TFC will be eligible for the purpose of maintaining SLR, a SBP circular said on November 05, 2011. These instructions will be effective immediately. All other instructions on the subject shall, however, remain unchanged.

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