All
Authorised Dealers
In Foreign Exchange
Dear Sirs,
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 April 2004 on Special Cash Reserve Account (US$)
maintained with the State Bank of Pakistan would be 0.59
%.