Cash reserve requirements cut to 10pc
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KARACHI: The State Bank of Pakistan on Friday reduced the Special Cash Reserve Requirement to 10 per cent from 15pc of total FE-25 deposits from April 20 on wards.
The reduction would free up around $300 million for banks.
All conventional banks and development finance institutions will be required to maintain cash reserves in US dollar equivalent of their total FE-25 deposits on a daily basis with SBP -- 5pc cash reserve account and 10pc special cash reserve account.
Published in Dawn, April 18th, 2020
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Comments (3) Closed
Apr 18, 2020 10:03am
I don't know how pakistan can feed everybody for next coming years
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Apr 18, 2020 12:48pm
@Aslam, how about working and feeding yourselves without depending on the Govt for a change.
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Apr 18, 2020 05:05pm
@Aslam, It has no intention to feed.
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