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030830
STATE BANK OF PAKISTAN EXCHANGE AND DEBT MANAGEMENT DEPARTMENT
EDMD Circular No. 12
August 30th, 2003
All Authorized 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 September 2003 on Special Cash Reserve Account
(US$) maintained with the State Bank of Pakistan would be 0.62 %.
Sd/-
(Zafar M. Shaikh)
Head of Treasury
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