Please
refer to DMMD circular no. 1 dated August 15, 2009 regarding
introduction of Interest Rate Corridor.
In this regard, the following timings will remain effective
during the month of Ramzan-ul- Mubarak to intimate State
Bank of Pakistan for availing overnight repo/reverse repo
facility (at floor / ceiling rate).
Days |
Time
for Overnight Repo/Reverse
Repo Facility |
Monday
to Thursday |
01:30
PM to 02:30 PM |
Friday |
12:00
PM to 01:00 PM |
2. After Ramzan-ul-Mubarak, time to intimate
State Bank of Pakistan for availing overnight repo/reverse
repo facility will automatically be reverted to pre Ramzan-ul-Mubarak
timings.
3. All are advised to strictly observe
the above timings.
4. Other instructions on the subject will remain unchanged.