Circulars/Notifications - Domestic Market & Monetary Management Department  
 DMMD Circular No. 11 of 2011

July 30, 2011 



The Head/Principal Offices of
All Authorised Dealers
In Foreign Exchange




Dear Sir/Madam,

.

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 introductions 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).

Days
Time for Overnight Repo/Reverse Repo Facility
 For Monday to Thursday &Saturday
 12:45 pm to 01:15 pm
 For Friday
 11:30 am to 12:00 pm

    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.





Yours faithfully


Sd/-

(Faisal Maqsood)
Additional Director


       
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