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 August 2023 on Special Cash Reserve Account (US$) maintained with the State Bank of Pakistan will be 4.32%.