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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 (September 9, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 09.09.2020   VALUE 09.09.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months          -0.0083% PA            0.7418% PA
For  6 months and over but less than
    12 Months           0.0433% PA            0.7933% PA
For 12 months           0.1710% PA            1.0460% PA
For  2 Years            0.1710% PA            1.5460% PA
For  3 Years            0.1710% PA            1.7960% PA
For  4 years            0.1710% PA            2.0460% PA
For  5 years            0.1710% PA            2.1710% PA
--------------------------------------------------------
POUND STERLING       VALUE 09.09.2020   VALUE 09.09.2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.1848% PA            0.5653% PA
For  6 months and over but less than
    12 months          -0.1328% PA            0.6173% PA
For 12 Months          -0.0348% PA            0.8403% PA
For  2 Years           -0.0348% PA            1.3403% PA
For  3 Years           -0.0348% PA            1.5903% PA
For  4 years           -0.0348% PA            1.8403% PA
For  5 years           -0.0348% PA            1.9653% PA
--------------------------------------------------------
EURO                 VALUE 09.09.2020   VALUE 09.09.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2631% PA            1.0131% PA
For  6 months and over but less than
    12 months           0.2419% PA            0.9919% PA
For 12 Months           0.1541% PA            1.0291% PA
For  2 Years            0.1541% PA            1.5291% PA
For  3 Years            0.1541% PA            1.7791% PA
For  4 years            0.1541% PA            2.0291% PA
For  5 years            0.1541% PA            2.1541% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 09.09.2020   VALUE 09.09.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1725% PA            0.5775% PA
For  6 months and over but less than
    12 months           0.2028% PA            0.5472% PA
For 12 Months           0.1627% PA            0.7123% PA
For  2 Years            0.1627% PA            1.2123% PA
For  3 Years            0.1627% PA            1.4623% PA
For  4 Years            0.1627% PA            1.7123% PA
For  5 years            0.1627% PA            1.8373% PA
========================================================

Copyright Business Recorder, 2020

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