Regulatory Alerts2026-05-29 | DMMD Circular Letter No. 07Rate of Remuneration on Special Cash Reserve Account Maintained with SBP against Deposits Raised under FE-Circular 25 of 1998
The State Bank of Pakistan has set the June 2026 remuneration rate at 2.62 percent for US dollar Special Cash Reserve Accounts maintained by authorized dealers against deposits raised under FE-Circular 25 of 1998. This notification updates previous guidelines established by BSD Circular No. 18 and DMMD Circular Letter No. 03, mandating the new percentage for monthly interest calculations. Authorized dealers must apply the revised rate to their respective accounts effective for the month of June 2026.
Circulars/Notifications - Domestic Market & Monetary Management Department
DMMD Circular Letter No. 7 of 2026
May 29, 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 June 2026 on Special Cash Reserve Account (US$) maintained with the State Bank of Pakistan will be 2.62%.
Yours truly,
Sd/-
(Iftikhar Ahmad Tari) Additional Director
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