Circulars/Notifications - Financial Markets Strategy & Conduct Department  
 FSCD Circular No. 2 of 2008
February 21, 2008 

All Head of Commercial Banks/DFIs



Dear Sirs/Madam,

3-DAY REPO FACILITY

 

Please refer to FSCD Circular No 13 dated July 06, 2007 in terms of which SBP 3-Day Repo Facility was restricted to the Schedule Banks and any Non-Bank working as Primary Dealer (PD).

It has been further reviewed and decided to allow SBP 3-Day Repo facility to the Development Financial Institutions (DFIs) on the same terms and conditions as of the Schedule Banks and any Non-Bank working as PD.

The above instructions would come into effect from Saturday, February 23, 2008.

Please acknowledge receipt.

Yours faithfully,

Sd/-

Muhammad Arif
Sr. Joint Director
       
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