All
Authorised Dealers
in
Foreign Exchange
Dear
Sirs,
RATE
OF REMUNERATION ON
20% SPECIAL CASH RESERVE ACCOUNT (US $)
Please refer to our Circular
letter No. EDMD/1167/FE-25-01 dated 2nd April 2001 on the
captioned subject.
It has been decided that from the month
of JANUARY 2002, the rate of remuneration on the 20% Special
Cash Reserve Account (US $) maintained with State Bank of
Pakistan would be US Dollar LIBOR for one month (as announced
by British Bankers Association on Reuters page LIBOR01) on
the last working day of the previous month less 0.50% service
charges
|