Standing Facilities:In order to reduce the volatility in short term interest rates and to bring more transparency in the implementation of monetary policy, State Bank of Pakistan introduced an interest rate corridor for the money market overnight repo rates. The corridor operates through standing overnight repo / reverse-repo facilities (i.e. floor & ceiling), setting a formal corridor for the money market overnight repo rates consistent with the monetary policy of State Bank of Pakistan. The interest rate corridor consists of two end-of-day Standing facilities offered by State Bank of Pakistan:

a) SBP Reverse Repo Facility:The eligible financial institutions can use SBP reverse repo facility, to obtain rupee funds for one day against approved securities. The financial institution sells the approved security to the SBP with the agreement to repurchase the same the day after. The interest rate charged against such lending, the SBP reverse repo rate, serves as ceiling for the money market overnight repo rate.

b) SBP Repo Facility:This facility allows the eligible financial institutions to place their excess funds with SBP for overnight and receive Treasury Bills in return. The interest rate paid to the banks under this facility is termed as SBP repo rate. It serves as a floor to the downward movement of money market overnight repo rate.

thank you

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It is not in our stars to hold our destiny but in ourselves:)

If they give you enough time for interview,then it is a sign that they want to select you.This happened to many of my acquaintances in the past.Although the panel created the impression that they were not going to select them apparantely by expressing some sort of dissatisfaction with the candidates' answers.Still the candidates were selected.

Does anyone have any idea what will the panel do with candidates having engineering qualification? Anyone with engineering background and interview experience? Please do share your experience.

They will not ask you questions from economics,management,etc...since you are an engineer.However you can expect very general questions that every individual in the country comes across through media and everyday conversation like Monetary Policy,Fiscal Policy,Government Securities..........As far as your engineering background is concerned,they will ask you like this,"Beta,ap to ek engineer ho,to yahan ap ka kya kaam?".In other words,why should we hire an engineer when we have students having banking background? Further,How can your engineering help our firm?
Hope it helps.

How can media grads help the firm?

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You have to fabricate your answer in line with the expectations of state bank.

Well, thanks. By the way, all this e-banking, e-commerce, e-finance, e-etc would have never been possible without engineers' input. Economy and engineering go hand in hand these days. Still, wondering what fireworks they'll play with such loose arguments.

I am not sure if I am not giving the right suggestion but you could answer like this "Being an engineer I have learned these.....soft skills for example to approach any problem in a logical systematic manner and for that reason you should say that your field provide you strong basis for any job and that practical and operational aspects of the job are learned through training and practice anyways and so on...Mode of interview is Urdu btw so I don't think answering such questions would be a problem if you just give it a little thought beforehand.

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There is no one to stop you from succeeding other than yourself

Someone with SBP contact; any idea how long it will take to for training session to start after interviews? The whole process is taking more time than I anticipated. PS I am yet to be interviewed but things are progressively becoming difficult in my current job so I want to leave it as soon as possible.