SBP reduces rate of Special Cash Reserve Account to 4.2% for Sep
MG News | September 05, 2024 at 10:17 AM GMT+05:00
September 05, 2024 (MLN): The State Bank of Pakistan (SBP) has set the rate of remuneration for September 2024 on Special Cash Reserve Account (US$) at 4.20%, as per a notice issued by the central bank.
To note, 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.
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