Regulatory Alerts2026-03-31 | DMMD Circular Letter No. 03Rate of Remuneration on Special Cash Reserve Account Maintained with SBP Against Deposits Under FE-Circular 25 of 1998
The State Bank of Pakistan issued DMMD Circular Letter No. 03 of 2026 to set the April 2026 remuneration rate at 2.66% for US-dollar Special Cash Reserve Accounts. Authorized Dealers in Foreign Exchange must apply this updated rate to deposits raised under FE-Circular 25 of 1998, superseding prior circulars from 2001 and 2023. The directive standardizes returns on these central bank accounts while maintaining existing foreign exchange deposit frameworks.
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