The State Bank of Pakistan on Thursday issued fresh instructions regarding Statutory Liquidity Requirements (SLR). The SBP said that in terms of Govt of Pakistan notifications SRO No 517(I)/2008 & 518(I)/2008 issued on June 9, 2008.
Term Finance Certificates of Islamabad Electric Supply Company (Iesco), Faisalabad Electric Supply Company (Fesco), Gujranwala Electric Power Company (Gepco) and Lahore Electric Supply Company (Lesco) have been notified as approved security for the purpose of Statutory Liquidity Requirement (SLR) under Section 29 of the Banking Companies Ordinance, 1962.
However, overall holding of these Term Finance Certificates and Pakistan Investment Bonds for SLR purposes shall not exceed 5 percent of the Time and Demand Liabilities, the SBP added. While all other instructions on the subject will remain the same, the central bank said.