The Presidents/Chief Executive Officers

All Islamic Banks/ Islamic Banking Branches of Conventional Banks

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 on the captioned subject.

It is notified that the rate of remuneration for the month of January 2022 on Special Cash Reserve Account (US$) maintained with the State Bank of Pakistan will be 0.00%.