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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 Tuesday (August 25, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 25.08.2020   VALUE 25.08.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.0000% PA            0.7500% PA
For  6 months and over but less than
    12 Months           0.0644% PA            0.8144% PA
For 12 months           0.1910% PA            1.0660% PA
For  2 Years            0.1910% PA            1.5660% PA
For  3 Years            0.1910% PA            1.8160% PA
For  4 years            0.1910% PA            2.0660% PA
For  5 years            0.1910% PA            2.1910% PA
--------------------------------------------------------
POUND STERLING       VALUE 25.08.2020   VALUE 25.08.2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.1803% PA            0.5698% PA
For  6 months and over but less than
    12 months          -0.1346% PA            0.6154% PA
For 12 Months           0.0067% PA            0.8818% PA
For  2 Years            0.0067% PA            1.3818% PA
For  3 Years            0.0067% PA            1.6318% PA
For  4 years            0.0067% PA            1.8818% PA
For  5 years            0.0067% PA            2.0068% PA
--------------------------------------------------------
EURO                 VALUE 25.08.2020   VALUE 25.08.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2650% PA            1.0150% PA
For  6 months and over but less than
    12 months           0.2221% PA            0.9721% PA
For 12 Months           0.1117% PA            0.9867% PA
For  2 Years            0.1117% PA            1.4867% PA
For  3 Years            0.1117% PA            1.7367% PA
For  4 years            0.1117% PA            1.9867% PA
For  5 years            0.1117% PA            2.1117% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 25.08.2020   VALUE 25.08.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1982% PA            0.5518% PA
For  6 months and over but less than
    12 months           0.2092% PA            0.5408% PA
For 12 Months           0.1420% PA            0.7330% PA
For  2 Years            0.1420% PA            1.2330% PA
For  3 Years            0.1420% PA            1.4830% PA
For  4 Years            0.1420% PA            1.7330% PA
For  5 years            0.1420% PA            1.8580% PA
========================================================

Copyright Business Recorder, 2020

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