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031231
STATE BANK OF PAKISTAN - EXCHANGE AND DEBT MANAGEMENT DEPARTMENT
EDMD Circular No. 22
December 31, 2003
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 January 2004 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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