SBP reduces rate of Special Cash Reserve Account to 3.85% for Oct

MG News | September 30, 2024 at 09:39 PM GMT+05:00

0:00

September 30, 2024 (MLN): The State Bank of Pakistan (SBP) has lowered the rate of remuneration for October 2024 on Special Cash Reserve Account (US$) at 3.85%, as per a notice issued by the central bank.

To recall, in the previous month, SBP reduced the rate to 4.2%.

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 State Bank on daily product basis on rates notified at the end of each month.

Copyright Mettis Link News

Related News

Govt speeds up food exports to Gulf

SBP to buyback Rs1tr in MTB, PFL securities

Pakistan trade value gap hits $119bn: GFI

Name	Price/Vol	%Chg/NChg
KSE100	158,313.45 348.26M	2.82% 4347.08
ALLSHR	94,665.78 608.29M	2.55% 2350.15
KSE30	48,079.56 150.27M	2.96% 1383.03
KMI30	229,679.86 136.21M	3.32% 7386.98
KMIALLSHR	61,793.47 317.51M	2.97% 1784.00
BKTi	43,251.31 41.61M	3.03% 1273.29
OGTi	33,013.13 14.41M	2.67% 858.90

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,400.00	71,595.00 70,950.00	540.00 0.76%
BRENT CRUDE	103.20	103.37 97.15	-1.29 -1.23%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-10.10 -9.22%
ROTTERDAM COAL MONTHLY	118.45	118.45 118.45	0.30 0.25%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	91.01	91.42 90.71	0.69 0.76%
SUGAR #11 WORLD	15.53	15.83 15.32	-0.35 -2.20%