Regulatory Alerts2025-02-28 | DMMD Circular Letter No. 02Rate of Remuneration on Special Cash Reserve Accounts with SBP under FE-Circular 25 of 1998
The State Bank of Pakistan’s Domestic Market & Monetary Management Department has set the March 2025 remuneration rate at 3.32 percent for Special Cash Reserve Accounts maintained under FE-Circular 25 of 1998. Authorized Dealers in Foreign Exchange must apply this fixed percentage to their US-dollar deposits held with the central bank for the specified month. The circular supersedes prior notifications and standardizes compensation calculations to ensure consistent returns on eligible foreign exchange deposits.
Circulars/Notifications -
Domestic Market & Monetary Management Department
DMMD Circular Letter No. 02 of 2025
February 28, 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 March 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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