SBP reduces rate of Special Cash Reserve Account to 3.33% for January

MG News | December 31, 2024 at 06:00 PM GMT+05:00

0:00

December 31, 2024 (MLN): The State Bank of Pakistan (SBP) has lowered the rate of remuneration for January 2025 on the Special Cash Reserve Account (US$) to 3.33%, as per a notice issued by the central bank.

To recall, in the previous month, SBP reduced the rate to 3.53%.

It is important to note that this rate is for deposits raised under FE-Circular 25 of 1998.

The special cash reserve account is remunerated by the State Bank on a daily product basis on rates notified at the end of each month.

Copyright Mettis Link News

Related News

Pakistan strengthens debt profile with lower risks, higher savings

Pakistan, Egypt unite in condemnation of Israeli attack on Qatar at Doha summit

Pakistan invites Shanghai Electric to boost investment in energy network

Name	Price/Vol	%Chg/NChg
KSE100	156,180.94 423.57M	0.51% 796.43
ALLSHR	95,690.82 1,354.89M	0.59% 557.25
KSE30	47,714.39 199.12M	0.52% 247.40
KMI30	229,722.09 134.66M	0.91% 2076.87
KMIALLSHR	64,420.07 581.33M	0.83% 532.01
BKTi	41,969.52 122.61M	0.50% 207.74
OGTi	31,991.76 10.82M	1.18% 372.62

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,530.00	116,415.00 115,215.00	-45.00 -0.04%
BRENT CRUDE	67.59	67.68 67.01	0.15 0.22%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.15	93.50 93.15	0.30 0.32%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.52	63.55 62.89	0.22 0.35%
SUGAR #11 WORLD	16.05	16.10 15.85	0.05 0.31%