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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 (October 23, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 23.10.2020   VALUE 23.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months          -0.0409% PA            0.7091% PA
For  6 months and over but less than
    12 Months           0.0040% PA            0.7460% PA
For 12 months           0.0849% PA            0.9599% PA
For  2 Years            0.0849% PA            1.4599% PA
For  3 Years            0.0849% PA            1.7099% PA
For  4 years            0.0849% PA            1.9599% PA
For  5 years            0.0849% PA            2.0849% PA
--------------------------------------------------------
POUND STERLING       VALUE 23.10.2020   VALUE 23.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.2019% PA            0.5481% PA
For  6 months and over but less than
    12 months          -0.1818% PA            0.5683% PA
For 12 Months          -0.1281% PA            0.7469% PA
For  2 Years           -0.1281% PA            1.2469% PA
For  3 Years           -0.1281% PA            1.4969% PA
For  4 years           -0.1281% PA            1.7469% PA
For  5 years           -0.1281% PA            1.8719% PA
--------------------------------------------------------
EURO                 VALUE 23.10.2020   VALUE 23.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2697% PA            1.0197% PA
For  6 months and over but less than
    12 months           0.2554% PA            0.0054% PA
For 12 Months           0.2094% PA            1.0844% PA
For  2 Years            0.2094% PA            1.5844% PA
For  3 Years            0.2094% PA            1.8344% PA
For  4 years            0.2094% PA            2.0844% PA
For  5 years            0.2094% PA            2.2094% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 23.10.2020   VALUE 23.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1500% PA            0.6000% PA
For  6 months and over but less than
    12 months           0.1907% PA            0.5593% PA
For 12 Months           0.2032% PA            0.6718% PA
For  2 Years            0.2032% PA            1.1718% PA
For  3 Years            0.2032% PA            1.4218% PA
For  4 Years            0.2032% PA            1.6718% PA
For  5 years            0.2032% PA            1.7968% PA
========================================================

Copyright Business Recorder, 2020

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