Regulatory Alerts2025-04-30 | DMMD Circular Letter No. 04Rate of Remuneration on SBP Special Cash Reserve Account for FE-Circular 25 Deposits
The State Bank of Pakistan’s Domestic Market & Monetary Management Department establishes a 3.32 percent remuneration rate for May 2025 on Special Cash Reserve Accounts. This fixed percentage applies to US-dollar deposits held by authorized foreign exchange dealers under FE-Circular 25 of 1998. The circular supersedes prior rate notifications from 2001 and 2023 to standardize compensation for these specific reserve balances.
Circulars/Notifications -
Domestic Market & Monetary Management Department
DMMD Circular Letter No. 04 of 2025
April 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 May 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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