1. The document discusses the need for an Islamic inter-bank market in Pakistan to promote liquidity among Islamic banks. 2. Currently, Islamic banks manage reserve requirements through high cash reserves and limited liquidity due to the lack of Shariah-compliant securities and no lender of last resort. 3. For an effective Islamic inter-bank market, the document recommends developing a range of Shariah-compliant securities, establishing settlement and trading systems, and allowing participation from both Islamic and conventional institutions.