Regulatory Alerts2025-10-31 | DMMD Circular Letter No. 12Rate of Remuneration on SBP Special Cash Reserve Account for FE-Circular 25/1998 Deposits
The State Bank of Pakistan’s Domestic Market & Monetary Management Department announces a 3.00% remuneration rate for November 2025 on the Special Cash Reserve Account (US$). This rate applies to foreign exchange deposits raised by authorized dealers under FE-Circular 25 of 1998 and supersedes previous circular notifications on the subject. Authorized dealers must apply this percentage to calculate monthly interest accruals on their US-dollar reserve balances held with the central bank.
Circulars/Notifications - Domestic Market & Monetary Management Department
DMMD Circular Letter No. 12 of 2025
October 31, 2025
The Head/Principal Offices of All Authorized Dealers In Foreign Exchange
Dear Sirs/Madams,
RATE OF REMUNERATION ON SPECIAL CASH RESERVE ACCOUNT MAINTAINED WITH SBP AGAINST DEPOSITS RAISED UNDER FE-CIRCULAR 25 OF 1998
Please refer to Para 03 of BSD Circular No. 18 dated March 31, 2001 and DMMD Circular Letter No. 03 dated August 09, 2023 on the captioned subject.
It is notified that the rate of remuneration for the month of November 2025 on Special Cash Reserve Account (US$) maintained with the State Bank of Pakistan will be 3.00%.
Yours truly,
Sd/-
(Iftikhar Ahmad Tari)
Additional Director
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