Regulatory Alerts2025-02-28 | DMMD Circular Letter No. 02Added · Updated
Rate of Remuneration on Special Cash Reserve Account maintained with SBP against Deposits raised under FE-Circular 25 Of 1998
The document sets the rate of remuneration for March 2025 at 3.32% for US dollar Special Cash Reserve Accounts maintained with the State Bank of Pakistan. This rate applies to deposits raised by Authorized Dealers in Foreign Exchange under FE-Circular 25 of 1998.
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DMMD Circular Letter No. 02
Rate of Remuneration on Special Cash Reserve Account maintained with SBP against Deposits raised under FE-Circular 25 Of 1998
February 28, 2025
539
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 sincerely,
Iftikhar Ahmad Tari Additional Director
Home — Circulars — DMMD Circular Letter No. 02
Rate of Remuneration on Special Cash Reserve Account maintained with SBP against Deposits raised under FE-Circular 25 Of 1998
February 28, 2025