All Banks/DFIs

Dear Sirs/Madams,

Timings for Availing SBP Overnight Repo/Reverse-Repo Facilities during the Month of Ramazan-ul-Mubarak

Please refer to DMMD Circular No. 17 dated October 14, 2011 regarding timings for availing SBP Overnight Repo/Reverse-Repo Facility under Interest Rate Corridor Mechanism.

In this regard, it is advised that following timings will remain effective during the month of Ramazan-ul-Mubarak to intimate amount to State Bank of Pakistan by banks/DFIs desirous of availing the SBP Overnight Repo/Reverse Repo Facility (at floor/ceiling rate).

After Ramazan-ul-Mubarak above timings will automatically be reverted to pre Ramazan-ul-Mubarak timings. All are advised to strictly observe the aforesaid timings.

Other instructions on the subject shall, however, remain unchanged.