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SBP sets rate of Special Cash Reserve Account at 4.33% for June

SBP targets to raise Rs3.91tr: Auction Calendar Jul-Sep
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May 31, 2024 (MLN): The State Bank of Pakistan (SBP) has decided to set the rate of remuneration for June 2024 on the Special Cash Reserve Account (US$) at 4.33%, the circular issued to all authorized dealers in foreign exchange revealed.

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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Posted on: 2024-05-31T18:03:57+05:00