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 (August 28, 2020).

========================================================INTEREST PAYABLE ON FE DEPOSITS========================================================                         BBA BID           MAXIMUM RATES                          RATES           FOR PAYMENT OF                                             INTEREST BY                                              AUTHORISED                                                 DEALERS========================================================U.S. DOLLARS         VALUE 28.08.2020   VALUE 28.08.2020--------------------------------------------------------For  3 months and over but less than     6 months           0.0059% PA            0.7559% PAFor  6 months and over but less than    12 Months           0.0573% PA            0.8073% PAFor 12 months           0.1959% PA            1.0709% PAFor  2 Years            0.1959% PA            1.5709% PAFor  3 Years            0.1959% PA            1.8209% PAFor  4 years            0.1959% PA            2.0709% PAFor  5 years            0.1959% PA            2.1959% PA--------------------------------------------------------POUND STERLING       VALUE 28.08.2020   VALUE 28.08.2020--------------------------------------------------------For  3 months and over but less than     6 Months           0.1844% PA            0.5656% PAFor  6 months and over but less than    12 months           0.1300% PA            0.6200% PAFor 12 Months           0.0014% PA            0.8736% PAFor  2 Years            0.0014% PA            1.3736% PAFor  3 Years            0.0014% PA            1.6236% PAFor  4 years            0.0014% PA            1.8736% PAFor  5 years            0.0014% PA            1.9986% PA--------------------------------------------------------EURO                 VALUE 28.08.2020   VALUE 28.08.2020--------------------------------------------------------For  3 months and over but less than     6 months           0.2630% PA            1.0130% PAFor  6 months and over but less than    12 months           0.2154% PA            0.9654% PAFor 12 Months           0.1109% PA            0.9859% PAFor  2 Years            0.1109% PA            1.4859% PAFor  3 Years            0.1109% PA            1.7359% PAFor  4 years            0.1109% PA            1.9859% PAFor  5 years            0.1109% PA            2.1109% PA--------------------------------------------------------JAPANESE YEN         VALUE 28.08.2020   VALUE 28.08.2020--------------------------------------------------------For  3 months and over but less than     6 months           0.1977% PA            0.5523% PAFor  6 months and over but less than    12 months           0.2097% PA            0.5403% PAFor 12 Months           0.1418% PA            0.7332% PAFor  2 Years            0.1418% PA            1.2332% PAFor  3 Years            0.1418% PA            1.4832% PAFor  4 Years            0.1418% PA            1.7332% PAFor  5 years            0.1418% PA            1.8582% PA========================================================

Copyright Business Recorder, 2020