All Banks/Primary Dealers

Dear Sirs/Madams,

TIME TO AVAIL OVERNIGHT REPO/REVERSE REPO FACILITY

DURING THE MONTH OF RAMZAN-UL-MUBARAK

Please refer to DMMD circular no. 1 dated August 15, 2009 regarding introduction of Interest Rate Corridor.

In this regard, the 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).

2. After Ramzan-ul-Mubarak, time to intimate State Bank of Pakistan for availing overnight repo/reverse repo facility will automatically be reverted to pre Ramzan-ul-Mubarak timings.
3. All are advised to strictly observe the above timings.
4. Other instructions on the subject will remain unchanged.