Islamabad, Nov 26: The State Bank of Pakistan (SBP) has announced an exemption for specific types of deposits from the Minimum Profit Rate (MPR) requirement, which was outlined in circulars issued more than 10 years ago.
According to a recent circular, the minimum rate of return on saving deposits will not apply to deposits held by financial institutions, public sector enterprises, and public limited companies.
This change will come into effect on January 1, 2025. All other existing instructions related to the Minimum Profit Rate will remain unchanged.
For reference, this exemption pertains to the guidelines issued in BPRD Circular No. 05 of 2014 (dated May 27, 2014) and BPRD Circular No. 07 of 2013 (dated September 27, 2013).
