Circulars/Notifications - Financial Markets Strategy & Conduct Department  
 FSCD Circular Letter No. 03 of 2008
September 08, 2008 

All Banks/DFIs/Investment Banks/Brokerage Houses

Dear Sirs/Madams,

REVISED CUT-OFF TIME DURING THE MONTH OF RAMAZAN

Please refer to FSCD Circular no. 11 dated August 29, 2008 regarding cut-off time during the month of Ramazan. Now cut-off time conveyed earlier vide above mentioned circular are being revised and following cut-off time will remain effective during the remaining month of Ramazan w.e.f. September 09, 2008.

Days
Cut-Off time
For Settlement of
Interbank Deals
For FX Transactions
by ADs
For Monday to Thursday
and Saturday
02:00 PM
01:30 PM
For Friday
01:00 PM
12:30 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 faithfully,

Sd/=
(Athar Ghafoor)
J. Joint Director

       
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