SBP Increases Rate of Return on US Dollar Deposits

Ali Gulrez June 1, 2022

Less than a minute

The State Bank of Pakistan (SBP) has increased the rate of return on special cash reserves (US Dollar) to 0.12 percent from zero, a circular said on Tuesday.

SBP Rate of Return, US Dollar, USD — SBP Increases Rate of Return on US Dollar Deposits

“It is notified that the rate of remuneration for the month of June 2022 on Special Cash Reserve Account (US$) maintained with the State Bank of Pakistan will be 0.12%,” it said in a circular.

The implementation of higher rate of return will attract more US Dollar deposits with the State Bank of Pakistan (SBP).

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Ali Gulrez

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