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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 (October 14, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 14.10.2020   VALUE 14.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months          -0.0211% PA            0.7289% PA
For  6 months and over but less than
    12 Months          -0.0071% PA            0.7429% PA
For 12 months           0.0976% PA            0.9726% PA
For  2 Years            0.0976% PA            1.4726% PA
For  3 Years            0.0976% PA            1.7226% PA
For  4 years            0.0976% PA            1.9726% PA
For  5 years            0.0976% PA            2.0976% PA
--------------------------------------------------------
POUND STERLING       VALUE 14.10.2020   VALUE 14.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.2039% PA            0.5461% PA
For  6 months and over but less than
    12 months          -0.1785% PA            0.5715% PA
For 12 Months          -0.1048% PA            0.7703% PA
For  2 Years           -0.1048% PA            1.2703% PA
For  3 Years           -0.1048% PA            1.5203% PA
For  4 years           -0.1048% PA            1.7703% PA
For  5 years           -0.1048% PA            1.8953% PA
--------------------------------------------------------
EURO                 VALUE 14.10.2020   VALUE 14.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2774% PA            1.0274% PA
For  6 months and over but less than
    12 months           0.2471% PA            0.9971% PA
For 12 Months           0.1940% PA            1.0690% PA
For  2 Years            0.1940% PA            1.5690% PA
For  3 Years            0.1940% PA            1.8190% PA
For  4 years            0.1940% PA            2.0690% PA
For  5 years            0.1940% PA            2.1940% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 14.10.2020   VALUE 14.10.2020
--------------------------------------------------------
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           0.1903% PA            0.5597% PA
For 12 Months           0.2045% PA            0.6705% PA
For  2 Years            0.2045% PA            1.1705% PA
For  3 Years            0.2045% PA            1.4205% PA
For  4 Years            0.2045% PA            1.6705% PA
For  5 years            0.2045% PA            1.7955% PA
========================================================

Copyright Business Recorder, 2020

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