Banking

Pakistan Energy Sukuk declares approved security for SLR

Karachi, March 1, 201: The State Bank of Pakistan on Friday declared the Pakistan Energy Sukuk as an approved security for Statutory Liquidity Requirement (SLR).

According to a circular, in terms of Government of Pakistan’s Notification No. S.R.O. 255 (I)/2019 dated February 26, 2019 the Pakistan Energy Sukuk issued by Power Holding Private Limited (PHPL) will be an approved security for maintenance of Statutory Liquidity Requirement (SLR) under sub-section (1) of Section 29 of the Banking Companies Ordinance, 1962.

However, SBP said that all other instructions on the subject shall remain unchanged.

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