All Banks/DFIs/Investment Banks/Brokerage Houses

Dear Sirs/Madams,

CUT-OFF TIME DURING THE MONTH OF RAMAZAN.

Please refer to FSCD Circular no. 20 dated October 31, 2007 regarding cut-off time for settlement of interbank deals and EPD circular no. 08 dated July 08, 2008 regarding cut-off time for foreign exchange transactions by authorized dealers.

In this regard, the following cut-off time will remain effective during the month of Ramazan.

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.