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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 21, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 21.10.2020   VALUE 21.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months          -0.0414% PA            0.7086% PA
For  6 months and over but less than
    12 Months           0.0042% PA            0.7543% PA
For 12 months           0.0898% PA            0.9648% PA
For  2 Years            0.0898% PA            1.4648% PA
For  3 Years            0.0898% PA            1.7148% PA
For  4 years            0.0898% PA            1.9648% PA
For  5 years            0.0898% PA            2.0898% PA
--------------------------------------------------------
POUND STERLING       VALUE 21.10.2020   VALUE 21.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.2024% PA            0.5476% PA
For  6 months and over but less than
    12 months          -0.1775% PA            0.5725% PA
For 12 Months          -0.1228% PA            0.7523% PA
For  2 Years           -0.1228% PA            1.2523% PA
For  3 Years           -0.1228% PA            1.5023% PA
For  4 years           -0.1228% PA            1.7523% PA
For  5 years           -0.1228% PA            1.8773% PA
--------------------------------------------------------
EURO                 VALUE 21.10.2020   VALUE 21.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2859% PA            1.0359% PA
For  6 months and over but less than
    12 months           0.2619% PA            0.0119% PA
For 12 Months           0.2136% PA            1.0886% PA
For  2 Years            0.2136% PA            1.5886% PA
For  3 Years            0.2136% PA            1.8386% PA
For  4 years            0.2136% PA            2.0886% PA
For  5 years            0.2136% PA            2.2136% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 21.10.2020   VALUE 21.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1487% PA            0.6013% PA
For  6 months and over but less than
    12 months           0.1893% PA            0.5607% PA
For 12 Months           0.2068% PA            0.6682% PA
For  2 Years            0.2068% PA            1.1682% PA
For  3 Years            0.2068% PA            1.4182% PA
For  4 Years            0.2068% PA            1.6682% PA
For  5 years            0.2068% PA            1.7932% PA
========================================================

Copyright Business Recorder, 2020

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