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SBP seeks comments on Securities Bill draft

KARACHI (September 14 2006): The State Bank of Pakistan (SBP) has sought the opinion, comments of concerned quarters on Government Securities Bill (GSB), 2006 draft to replace Public Debt Act 1944 that governs Government Securities business at present.

The State Bank of Pakistan (SBP) has placed the draft bill on its web-site and sought comments/opinion from all concerned quarters to submit by September 30 to Exchange and Debt Management Department of the SBP. The bank has explained that the objective of the proposed bill is to align the Government Securities legislation with contemporary requirements.

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