Please refer to FSCD Circular no. 17 dated December 26, 2008 and BPRD Circular no. 11 dated October 14, 2011 on the captioned subject.

1- It has been decided to revise the cut-off dealing time for all permitted Foreign Exchange, Derivatives and Money Market transactions as under:

Monday through Friday: 9:00 am to 5:00 pm

2- However, to facilitate banks and their customers it has been decided that all Foreign Exchange /Derivatives transactions not involving Pak Rupees and the transactions on account of inward Home Remittances will be permitted up to 6:00 pm, Monday to Friday. 

3- All Foreign Exchange transactions executed by Authorized Dealers during the day should be incorporated on the same end of day Foreign Exchange Exposure and duly reported to State Bank of Pakistan through FXCRS system.

4- The above instructions will be effective from Monday, October 17, 2011. All Banks/DFIs are advised to strictly ensure meticulous compliance to above mentioned timings.

5- All other instructions on the subject shall, however remain unchanged.