Circulars/Notifications - Domestic Market & Monetary Management Department  
 DMMD Circular No. 11 of 2014

June 27, 2014 



All Banks/Primary Dealers/DFIs

Dear Sirs/Madams,

Timings for Availing SBP Overnight Repo/Reverse-Repo
Facilities during the Month of Ramzan-Ul-Mubarak


Please refer to DMMD circular no. 17 dated October 14, 2011 regarding timings for availing SBP Overnight Repo /Reverse-Repo Facility under Interest Rate Corridor Mechanism.

In this regard, it is advised that following timings will remain effective during the month of Ramzan-ul-Mubarak to intimate amount to State Bank of Pakistan by eligible Banks/PDs/DFIs desirous of availing the SBP Overnight Repo/Reverse Repo Facility (at floor/ceiling rate).

 

Days
Time for Overnight Repo/Reverse
Repo Facility
Monday to Thursday
01:00 PM to 01:45 PM
Friday
12:00 PM to 12:30 PM

After Ramzan-ul-Mubarak above timings will automatically be reverted to pre Ramzan-ul-Mubarak timings. All are advised to strictly observe the aforesaid timings.
Other instructions on the subject shall, however, remain unchanged.


 

  

Yours sincerely,



(Muhammad Amin Khan Lodhi)
Head of Department (Acting)


       
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