April 10, 2008	Thursday	Rabi-us-Sani 3, 1429

KARACHI, April 9: The State Bank of Pakistan on Wednesday issued regulations for Continuous Funding System (CFS) Mk-II financing to ensure prudent lending by banks and development finance institutions (DFIs).

“These regulations will provide appropriate regulatory framework to banks and DFIs,” said a SBP circular, adding that the areas not covered under these regulations will be governed by Prudential Regulations for Corporate/Commercial Banking.

The banks and DFIs, which already have exposure over and above the limit or breached it, have been advised by the central bank to adjust the same within three months from the date of issuance of these regulations under intimation to the SBP.