EDMD
Circular No. 11 |
September 30, 2004 |
All
Authorised Dealers
In Foreign Exchange
Dear
Sir,
RATE
OF REMUNERATION ON CASH RESERVE REQUIREMENT FOR DEPOSITS RAISED
UNDER
FE-CIRCULAR 25 OF 1998.
Please
refer to Para 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 October 2004 on Special Cash Reserve Account
(US$) maintained with the State Bank of Pakistan would be
1.34%.
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Sd/-
(Muhammad
Basharat)
Jr. Joint Director
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Copy
forwarded for information and necessary action to:
1. The Executive Director(FRM),
State Bank of Pakistan, Karachi.
2. The Director, Banking Supervision Department, SBP, Karachi.
3. The Director, Accounts Department, SBP, Karachi.
4. The Director, Exchange Policy Department, SBP, Karachi.
5. The Chief Spokesman, Corporate and Media Affairs Department,
SBP, Karachi.
6. The Chief Manager, SBP-BSC, Karachi.
7. The Chief Manager, SBP-BSC, Lahore.
Jr. Joint Director
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