PLACEMENT OF FUNDS IN COMMERCIAL BANKS (PUNJAB GOVERNMENT) — Mark-up rates offered by the Bank of Punjab may be compared with all Public / Private and Islamic Banks (excluding Specialized Banks, Development Finance Institutions, Microfinance Banks and Foreign Banks operating in Pakistan) having minimum Long Term “AA” rating at the time of placement of funds as evaluated by JCR-VIS or PACRA and published by the State Bank of Pakistan. If Bank of Punjab does not match the highest profit rate or fails to reply within 10 (Ten) days (after receiving the offer letter), the funds may be placed with the Bank offering the highest profit rate.