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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 Friday (September 18, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 18.09.2020   VALUE 18.09.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months          -0.0168% PA            0.7333% PA
For  6 months and over but less than
    12 Months           0.0204% PA            0.7704% PA
For 12 months           0.1280% PA            1.0030% PA
For  2 Years            0.1280% PA            1.5030% PA
For  3 Years            0.1280% PA            1.7530% PA
For  4 years            0.1280% PA            2.0030% PA
For  5 years            0.1280% PA            2.1280% PA
--------------------------------------------------------
POUND STERLING       VALUE 18.09.2020   VALUE 18.09.2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.1975% PA            0.5525% PA
For  6 months and over but less than
    12 months          -0.1635% PA            0.5865% PA
For 12 Months          -0.0826% PA            0.7924% PA
For  2 Years           -0.0826% PA            1.2924% PA
For  3 Years           -0.0826% PA            1.5424% PA
For  4 years           -0.0826% PA            1.7924% PA
For  5 years           -0.0826% PA            1.9174% PA
--------------------------------------------------------
EURO                 VALUE 18.09.2020   VALUE 18.09.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2713% PA            1.0213% PA
For  6 months and over but less than
    12 months           0.2456% PA            0.9956% PA
For 12 Months           0.1789% PA            1.0539% PA
For  2 Years            0.1789% PA            1.5539% PA
For  3 Years            0.1789% PA            1.8039% PA
For  4 years            0.1789% PA            2.0539% PA
For  5 years            0.1789% PA            2.1789% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 18.09.2020   VALUE 18.09.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1523% PA            0.5977% PA
For  6 months and over but less than
    12 months           0.2132% PA            0.5368% PA
For 12 Months           0.1648% PA            0.7102% PA
For  2 Years            0.1648% PA            1.2102% PA
For  3 Years            0.1648% PA            1.4602% PA
For  4 Years            0.1648% PA            1.7102% PA
For  5 years            0.1648% PA            1.8352% PA
========================================================

Copyright Business Recorder, 2020

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