Regulatory Alerts2025-12-31 | DMMD Circular Letter No. 14Rate of Remuneration on Special Cash Reserve Account with SBP Against Deposits Under FE-Circular 25 of 1998
The State Bank of Pakistan’s Domestic Market & Monetary Management Department has issued Circular Letter No. 14 of 2025 to establish the remuneration rate for January 2026. Authorized dealers must apply a fixed rate of 2.69% to US-dollar Special Cash Reserve Accounts maintained against deposits raised under FE-Circular 25 of 1998. This directive supersedes previous notifications dated March 2001 and August 2023, ensuring consistent compensation for foreign exchange deposits held with the central bank.
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