25.02.2011 - Statutory liquidity requirement for Islamic banks in Pakistan enhanced
From Thenews.com.pk: The State Bank of Pakistan (SBP) has increased the Statutory Liquidity Requirement (SLR) for Islamic banks to 14 percent of the total demand liabilities, including time deposits with a tenor of less than one-year. In a circular issued on Wednesday, the central bank said that the new requirement will be effective from April and would exclude Cash Reserve Requirement (CRR). The existing SLR, after a reduction in October, 2008 stands at nine percent...............................................Full Article: Source
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