SBP sets rate of Special Cash Reserve Account at 4.34% for July

MG News | June 28, 2024 at 04:56 PM GMT+05:00

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June 28, 2024 (MLN): The State Bank of Pakistan (SBP) has decided to set the rate of remuneration for July 2024 on the Special Cash Reserve Account (US$) at 4.34%, 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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