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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 Thursday (July 16, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 16-07-2020   VALUE 16-07-2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.0209% PA            0.7709% PA
For  6 months and over but less than
    12 Months           0.0914% PA            0.8414% PA
For 12 months           0.2310% PA            1.1060% PA
For  2 Years            0.2310% PA            1.6060% PA
For  3 Years            0.2310% PA            1.8560% PA
For  4 years            0.2310% PA            2.1060% PA
For  5 years            0.2310% PA            2.2310% PA
--------------------------------------------------------
POUND STERLING       VALUE 16-07-2020   VALUE 16-07-2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.1700% PA            0.5800% PA
For  6 months and over but less than
    12 months          -0.0298% PA            0.7203% PA
For 12 Months           0.1178% PA            0.9928% PA
For  2 Years            0.1178% PA            1.4928% PA
For  3 Years            0.1178% PA            1.7428% PA
For  4 years            0.1178% PA            1.9928% PA
For  5 years            0.1178% PA            2.1178% PA
--------------------------------------------------------
EURO                 VALUE 16-07-2020   VALUE 16-07-2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1891% PA            0.9391% PA
For  6 months and over but less than
    12 months           0.1217% PA            0.8717% PA
For 12 Months           0.0269% PA            0.9019% PA
For  2 Years            0.0269% PA            1.4019% PA
For  3 Years            0.0269% PA            1.6519% PA
For  4 years            0.0269% PA            1.9019% PA
For  5 years            0.0269% PA            2.0269% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 16-07-2020   VALUE 16-07-2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2035% PA            0.5465% PA
For  6 months and over but less than
    12 months           0.2213% PA            0.5287% PA
For 12 Months           0.1443% PA            0.7307% PA
For  2 Years            0.1443% PA            1.2307% PA
For  3 Years            0.1443% PA            1.4807% PA
For  4 Years            0.1443% PA            1.7307% PA
For  5 years            0.1443% PA            1.8557% PA
========================================================

Copyright Business Recorder, 2020

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