All
Banks/DFIs/Investment Banks &
Brokerage Houses,
Dear
Sirs/Madam,
Cut-off
Time for Settlement of Inter-bank Deals
In
order to streamline the smooth settlement of Inter-bank
deals, it has been decided after detailed discussions with
market representative bodies, i.e. Financial Market Association
of Pakistan and Pakistan Banks’ Association, that
following cut-off timings will be observed for settlement
of Inter-bank deals.
| From
Monday to Thursday |
2.30
pm |
| Friday |
3.00
pm (due to prayer timings) |
| Saturday |
1.30
pm |
However
for customer transactions, cut-off time will be normal banking
hours.
2.
Further, TT timings for banks have also been extended up
to 12.00 noon to allow them to effectively manage their
liquidity positions.
3.
All are advised to strictly observe above timings meticulously.
No inter-bank deal will be entertained after these timelines.