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 Friday (October 16, 2020).

========================================================INTEREST PAYABLE ON FE DEPOSITS========================================================                         BBA BID           MAXIMUM RATES                          RATES           FOR PAYMENT OF                                             INTEREST BY                                              AUTHORISED                                                 DEALERS========================================================U.S. DOLLARS         VALUE 16.10.2020   VALUE 16.10.2020--------------------------------------------------------For  3 months and over but less than     6 months          -0.0199% PA            0.7301% PAFor  6 months and over but less than    12 Months          -0.0032% PA            0.7533% PAFor 12 months           0.0940% PA            0.9690% PAFor  2 Years            0.0940% PA            1.4690% PAFor  3 Years            0.0940% PA            1.7190% PAFor  4 years            0.0940% PA            1.9690% PAFor  5 years            0.0940% PA            2.0940% PA--------------------------------------------------------POUND STERLING       VALUE 16.10.2020   VALUE 16.10.2020--------------------------------------------------------For  3 months and over but less than     6 Months          -0.2044% PA            0.5456% PAFor  6 months and over but less than    12 months          -0.1738% PA            0.5763% PAFor 12 Months          -0.1211% PA            0.7539% PAFor  2 Years           -0.1211% PA            1.2539% PAFor  3 Years           -0.1211% PA            1.5039% PAFor  4 years           -0.1211% PA            1.7539% PAFor  5 years           -0.1211% PA            1.8789% PA--------------------------------------------------------EURO                 VALUE 16.10.2020   VALUE 16.10.2020--------------------------------------------------------For  3 months and over but less than     6 months           0.2793% PA            1.0293% PAFor  6 months and over but less than    12 months           0.2569% PA            0.0069% PAFor 12 Months           0.2126% PA            1.0876% PAFor  2 Years            0.2126% PA            1.5876% PAFor  3 Years            0.2126% PA            1.8376% PAFor  4 years            0.2126% PA            2.0876% PAFor  5 years            0.2126% PA            2.2126% PA--------------------------------------------------------JAPANESE YEN         VALUE 16.10.2020   VALUE 16.10.2020--------------------------------------------------------For  3 months and over but less than     6 months           0.1485% PA            0.6015% PAFor  6 months and over but less than    12 months           0.1872% PA            0.5628% PAFor 12 Months           0.2063% PA            0.6687% PAFor  2 Years            0.2063% PA            1.1687% PAFor  3 Years            0.2063% PA            1.4187% PAFor  4 Years            0.2063% PA            1.6687% PAFor  5 years            0.2063% PA            1.7937% PA========================================================

Copyright Business Recorder, 2020