Please refer to BSD Circular No. 14 dated June 21, 2008 on the subject.
It has been decided to reduce the Special Cash Reserve Requirement from 15% to 10% of total FE-25 deposits effective from April 20, 2020. Accordingly, all conventional banks/DFIs will be required to maintain Cash Reserves in US$ equivalent of their total FE-25 deposits on daily basis with SBP in the following manner:
- 5% Cash Reserve Account (US$)
- 10% Special Cash Reserve Account (US$).
All other instructions on the subject shall remain unchanged.