CRR for banks to not applicable on targets of housing, construction finance: SBP

News Image

MG News | June 14, 2022 at 02:45 PM GMT+05:00

0:00

June 14, 2022 (MLN): The State Bank of Pakistan (SBP) has decided that Cash Reserve Requirement (CRR) for banks will not be applicable on targets of housing and construction finance for the quarter ending September 30, 2022, and onwards till further instructions on the matter.

In a circular issued today, SBP said, “To facilitate the banks, State Bank has decided that the lower/additional Cash Reserve Requirement for banks that meet/do not meet quarterly targets will not be applicable on surplus/shortfall in targets of housing and construction finance for the quarter ending September 30, 2022, and onwards till further instructions on the matter.”

Accordingly, banks will maintain lower/additional CRR in respect of surplus/shortfall in targets for the quarter ending June 30, 2022, in the next quarter as per the defined procedure.

This means banks will maintain CRR (without lower/additional requirements) from the first reserve maintenance period starting after October 21, 2022.

All other instructions on the subject shall remain unchanged, the circular added.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 156,177.82
367.85M
-0.00%
-3.12
ALLSHR 95,630.38
1,498.37M
-0.06%
-60.44
KSE30 47,678.47
206.79M
-0.08%
-35.92
KMI30 229,682.22
174.86M
-0.02%
-39.87
KMIALLSHR 64,366.76
638.47M
-0.08%
-53.31
BKTi 41,922.80
89.51M
-0.11%
-46.72
OGTi 31,735.79
16.87M
-0.80%
-255.97
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 115,870.00 117,685.00
114,850.00
-1220.00
-1.04%
BRENT CRUDE 67.79 68.59
67.62
-0.68
-0.99%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 93.50 93.50
93.50
0.15
0.16%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.85 64.67
63.69
-0.67
-1.04%
SUGAR #11 WORLD 16.23 16.59
16.23
-0.33
-1.99%

Chart of the Day


Latest News
September 18, 2025 at 12:19 AM GMT+05:00

Pakistan, Saudi Arabia sign Strategic Mutual Defense Agreement


September 17, 2025 at 11:55 PM GMT+05:00

Fed delivers 25 basis-point rate cut


September 17, 2025 at 05:37 PM GMT+05:00

Auction Result: Govt raises Rs201bn through T-bills


September 17, 2025 at 04:59 PM GMT+05:00

Hala Enterprises to increase weaving capacity by 75%


September 17, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Flatlined but Holding On



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg