SLR limit doesn't apply to floating rate PIBs: SBP

The State Bank of Pakistan (SBP) Friday announced that Statutory Liquidity Requirement (SLR) eligibility limit of 15 percent for banks and 5 percent for DFIs on Pakistan Investment Bonds (PIBs) will not be applicable to floating rate PIBs.

Accordingly, the holdings of floating rate PIBs by banks and DFIs will be fully counted towards maintenance of their SLR. All other instructions on the subject will remain the same. The above instructions will comet to effect immediately, the central bank said.