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KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Committee, c/o ANZ Grindlays Bank Ltd, on Wednesday (July 15, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 15-07-2020   VALUE 15-07-2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.0250% PA            0.7750% PA
For  6 months and over but less than
    12 Months           0.0893% PA            0.8393% PA
For 12 months           0.2313% PA            1.1063% PA
For  2 Years            0.2313% PA            1.6063% PA
For  3 Years            0.2313% PA            1.8563% PA
For  4 years            0.2313% PA            2.1063% PA
For  5 years            0.2313% PA            2.2313% PA
--------------------------------------------------------
POUND STERLING       VALUE 15-07-2020   VALUE 15-07-2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.1615% PA            0.5885% PA
For  6 months and over but less than
    12 months          -0.0293% PA            0.7208% PA
For 12 Months           0.1165% PA            0.9915% PA
For  2 Years            0.1165% PA            1.4915% PA
For  3 Years            0.1165% PA            1.7415% PA
For  4 years            0.1165% PA            1.9915% PA
For  5 years            0.1165% PA            2.1165% PA
--------------------------------------------------------
EURO                 VALUE 15-07-2020   VALUE 15-07-2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1911% PA            0.9411% PA
For  6 months and over but less than
    12 months           0.1176% PA            0.8676% PA
For 12 Months           0.0304% PA            0.9054% PA
For  2 Years            0.0304% PA            1.4054% PA
For  3 Years            0.0304% PA            1.6554% PA
For  4 years            0.0304% PA            1.9054% PA
For  5 years            0.0304% PA            2.0304% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 15-07-2020   VALUE 15-07-2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2025% PA            0.5475% PA
For  6 months and over but less than
    12 months           0.2243% PA            0.5257% PA
For 12 Months           0.1483% PA            0.7267% PA
For  2 Years            0.1483% PA            1.2267% PA
For  3 Years            0.1483% PA            1.4767% PA
For  4 Years            0.1483% PA            1.7267% PA
For  5 years            0.1483% PA            1.8517% PA
========================================================

Copyright Business Recorder, 2020

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