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 the Interest Rate Corridor Mechanism.

In this regard, it is advised that the following timings will remain effective during the month of Ramazan-ul-Mubarak for intimating the amount to the 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, the above timings will automatically revert to the pre-Ramazan-ul-Mubarak schedule. All concerned are advised to strictly observe the aforesaid timings.

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