Regulatory Alerts2025-05-30 | DMMD Circular Letter No. 07Rate of Remuneration on Special Cash Reserve Account with SBP under FE-Circular 25 of 1998
The State Bank of Pakistan’s Domestic Market & Monetary Management Department has announced a 3.32 percent remuneration rate for June 2025 on Special Cash Reserve Accounts maintained by authorized dealers against foreign exchange deposits under FE-Circular 25 of 1998. This directive requires all authorized dealers to apply the specified percentage when calculating interest accruals on their US-dollar denominated reserve balances held at the central bank. The updated rate supersedes prior circular notifications and standardizes remuneration calculations for authorized dealers throughout the specified month.
Circulars/Notifications -
Domestic Market & Monetary Management Department
DMMD Circular Letter No. 07 of 2025
May 30, 2025
The Head/Principal Offices of All Authorized Dealers In Foreign Exchange
Dear Sirs/Madams,
RATE OF REMUNERATION ON SPECIAL CASH RESERVE ACCOUNT MAINTAINED WITH SBP AGAINST DEPOSITS RAISED UNDER FE-CIRCULAR 25 OF 1998
Please refer to Para 03 of BSD Circular No. 18 dated March 31, 2001 and DMMD Circular Letter No. 03 dated August 09, 2023 on the captioned subject.
It is notified that the rate of remuneration for the month of June 2025 on Special Cash Reserve Account (US$) maintained with the State Bank of Pakistan will be 3.32%.
Yours truly,
Sd/-
(Iftikhar Ahmad Tari)
Additional Director
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