All
Banks/Primary Dealers
Dear Sirs/Madams,
TIME
TO AVAIL OVERNIGHT REPO/REVERSE REPO FACILITY
DURING
THE MONTH OF RAMZAN-UL-MUBARAK
Please refer to DMMD circular no. 1 dated August 15, 2009
regarding introduction of Interest Rate Corridor.
In this regard, the following timings will remain effective
during the month of Ramzan-ul-Mubarak to intimate State
Bank of Pakistan for availing overnight repo/reverse repo
facility (at floor / ceiling rate).
|
Days
|
Time
for Overnight Repo/Reverse Repo Facility |
| For
Monday to Thursday & Saturday |
1:00
PM to 2:00 PM |
| For
Friday |
|
2.
After Ramzan-ul-Mubarak, time to intimate State Bank of
Pakistan for availing overnight repo/reverse repo facility
will automatically be reverted to pre Ramzan-ul-Mubarak
timings.
3. All are advised to strictly observe the above timings.
4. Other instructions on the subject will remain unchanged.