STATE BANK OF PAKISTAN - BANKING POLICY DEPARTMENT

EDMD Circular No. 15
December 31, 2004  

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 2005 on Special Cash Reserve Account (US$) maintained with the State Bank of Pakistan would be 1.40%.