All Banks/Primary Dealers

Dear Sir/Madam,

TIMINGS FOR OVERNIGHT REPO/REVERSE REPO FACILITY DURING THE MONTH OF RAMZAN-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.

1. In this regard, it is advised that 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
   Monday to Thursday	01:30 PM to 02:00 PM
   Friday	12:00 PM to 12:30 PM

2. After Ramzan-ul-Mubarak above timings will automatically be reverted to pre Ramzan-ul-Mubarak timings.
3. All are advised to strictly observe the aforesaid timings.
4. Other instructions on the subject will remain unchanged