The Head/Principal Offices of
All Authorised Dealers
In Foreign Exchange

Dear Sirs/Madams,

RATE OF REMUNERATION ON CASH RESERVE REQUIREMENT FOR DEPOSITS RAISED
UNDER FE-CIRCULAR 25 OF 1998

Please refer to Paragraph 03 of BSD Circular No. 18 dated 31st March 2001 on the captioned subject.

It is notified that the rate of remuneration for the month of August 2007 on the Special Cash Reserve Account (US$) maintained with the State Bank of Pakistan shall be 4.32%.