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<a href="http://www.accessmylibrary.com/coms2/summary_0286-19871726_ITM" title="Facts and information about STRUGGLING INDUSTRIAL UNITS RECEIVE HELP FROM PAKISTAN'S SBP.">STRUGGLING INDUSTRIAL UNITS RECEIVE HELP FROM PAKISTAN'S SBP.</a>
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STRUGGLING INDUSTRIAL UNITS RECEIVE HELP FROM PAKISTAN'S SBP.
KARACHI, Jan 1 Asia Pulse - The State Bank of Pakistan (SBP) has granted another relief package to sick industrial units by exempting them from maintaining mandatory financial exposure, as required under Prudential Regulation (PR) number-5.
The exemption will be applicable for the next five years.
Prudential Regulation-5, which was part of the banking and corporate prudential regulations issued during November 2003, was due to come into effect from January 1, 2004.
The Banking Policy Department (BPD) of the SBP, by issuing BPD circular number-42 ...
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Source: HighBeam Research, STRUGGLING INDUSTRIAL UNITS RECEIVE HELP FROM PAKISTAN'S SBP.