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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 (August 12, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 12.08.2020   VALUE 12.08.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.0069% PA            0.7569% PA
For  6 months and over but less than
    12 Months           0.0831% PA            0.8331% PA
For 12 months           0.2054% PA            1.0804% PA
For  2 Years            0.2054% PA            1.5804% PA
For  3 Years            0.2054% PA            1.8304% PA
For  4 years            0.2054% PA            2.0804% PA
For  5 years            0.2054% PA            2.2054% PA
--------------------------------------------------------
POUND STERLING       VALUE 12.08.2020   VALUE 12.08.2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.1789% PA            0.5711% PA
For  6 months and over but less than
    12 months          -0.1234% PA            0.6266% PA
For 12 Months           0.0353% PA            0.9103% PA
For  2 Years            0.0353% PA            1.4103% PA
For  3 Years            0.0353% PA            1.6603% PA
For  4 years            0.0353% PA            1.9103% PA
For  5 years            0.0353% PA            2.0353% PA
--------------------------------------------------------
EURO                 VALUE 12.08.2020   VALUE 12.08.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2254% PA            0.9754% PA
For  6 months and over but less than
    12 months           0.2117% PA            0.9617% PA
For 12 Months           0.1000% PA            0.9750% PA
For  2 Years            0.1000% PA            1.4750% PA
For  3 Years            0.1000% PA            1.7250% PA
For  4 years            0.1000% PA            1.9750% PA
For  5 years            0.1000% PA            2.1000% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 12.08.2020   VALUE 12.08.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1963% PA            0.5537% PA
For  6 months and over but less than
    12 months           0.2223% PA            0.5277% PA
For 12 Months           0.1475% PA            0.7275% PA
For  2 Years            0.1475% PA            1.2275% PA
For  3 Years            0.1475% PA            1.4775% PA
For  4 Years            0.1475% PA            1.7275% PA
For  5 years            0.1475% PA            1.8525% PA
========================================================

Copyright Business Recorder, 2020

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