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030806
STATE BANK OF PAKISTAN EXCHANGE AND DEBT MANAGEMENT DEPARTMENT
EDMD Circular No. 10
6thAugust, 2003
All Banks/NBFI’s
Dear Sirs,
Amendment in Special US Dollar Bonds Rules 1998
Please refer to our EDMD Circular No. 16
dated 7th October 2002 enclosing therewith Government Notification dated 16th
September 2002 in terms of which the following sub rule 3 of Rule 10 of the
Special US Dollar Bonds was omitted:
Rule 10(3) Face value of bonds of three years’ maturity may be reinvested for
further a period of three years or seven years starting from the date of
redemption at a profit of six months LIBOR on the day preceding the date of
payment plus two percent
The Government vide their Notification No. S.R.O. (I)/2003 dated 4th August 2003
has directed that the above sub rule shall deem to have been omitted with effect
from 7th October 2002. It means that those Special US Dollar Bonds reinvested
till 7th October 2002 shall deem to have been reinvested.
Sd/-
(Muhammad Arif)
Junior Joint Director
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