All Banks/DFIs/Investment Banks/Brokerage Houses

Dear Sirs/Madams,

REVISED CUT-OFF TIME DURING THE MONTH OF RAMAZAN

Please refer to FSCD Circular no. 11 dated August 29, 2008 regarding cut-off time during the month of Ramazan. Now cut-off time conveyed earlier vide above mentioned circular are being revised and following cut-off time will remain effective during the remaining month of Ramazan w.e.f. September 09, 2008.

2. After Ramazan, cut-off time for settlement of interbank deals and for FX transactions by authorised dealers will automatically be reverted to pre-Ramazan timings.
3. All are advised to strictly observe the above timings.
4. Other instruction on the subject will remain unchanged.