Regulatory Alerts2026-04-30 | DMMD Circular Letter No. 05Rate 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 establishes the May 2026 remuneration rate for Special Cash Reserve Accounts at 2.65 percent. This fixed percentage applies to United States dollar deposits held by authorized foreign exchange dealers under FE-Circular 25 of 1998. The directive supersedes prior notifications from March 2001 and August 2023, finalizing the monthly interest calculation for these specific reserve accounts.
Circulars/Notifications - Domestic Market & Monetary Management Department
DMMD Circular Letter No. 5 of 2026
April 30, 2026
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 2026 on Special Cash Reserve Account (US$) maintained with the State Bank of Pakistan will be 2.65%.
Yours truly,
Sd/-
(Iftikhar Ahmad Tari) Additional Director
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