SBP Increases Rate of Return on US Dollar Deposits

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.

“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).

Read more: Dollar Rate in Pakistan (Daily Updates).

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