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 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 September 2017 on Special Cash Reserve Account (US$) maintained with the State Bank of Pakistan will be 0.23%.