Circulars/Notifications - Financial Markets Strategy & Conduct Department  
 FSCD Circular No. 11
August 29, 2008 

All Banks/DFIs/Investment Banks/Brokerage Houses




Dear Sirs/Madams,

CUT-OFF TIME DURING THE MONTH OF RAMAZAN.

 

Please refer to FSCD Circular no. 20 dated October 31, 2007 regarding cut-off time for settlement of interbank deals and EPD circular no. 08 dated July 08, 2008 regarding cut-off time for foreign exchange transactions by authorized dealers.

In this regard, the following cut-off time will remain effective during the month of Ramazan.

Days
Cut-Off time
For Settlement of
Interbank Deals
For FX Transactions
by ADs
For Monday to Thursday
and Saturday
01:30 PM
01:00 PM
For Friday
12:15 PM
12:00 PM

2. After Ramazan, cut-off time for settlement of interbank deals and for FX transactions by authorised dealers will automatically be reverted to pre-Ramazan timings.

3. All are advised to strictly observe the above timings.

4. Other instruction on the subject will remain unchanged.

Yours Sincerely,

Sd/-
(Athar Ghafoor)
J. Joint Director
 
       
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