Circulars/Notifications - Financial Markets Strategy & Conduct Department  
 FSCD Circular No. 13 of 2007
July 06, 2007 

All Head of Commercial Banks/DFIs/ Investment Banks


Dear Sirs/Madam,

3-DAY REPO FACILITY

PPlease refer to BSD Circular No 06 dated January 31, 2002, in terms of which SBP 3-Day Repo Facility was allowed to Development Financial Institutions (DFIs) and Investment Banks (IBs) on the same terms and conditions as of the Commercial Banks.

Now it has been decided to restrict SBP 3-Day Repo facility to Scheduled Banks and any Non-Bank institution working as Primary Dealer.

The above instructions would come into effect from Saturday, 07 July, 2007.


Yours faithfully,

Sd/-

(Athar Ghafoor)
J.Joint Director

       
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