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Banks back to normal working week of five days: SBP

admin-augafbyadmin-augaf
May 7, 2022
inBusiness, Finance, National, News
Reading Time: 1 min read
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SBP cancelled monetary policy meeting scheduled to be held on April 19 2022
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Karachi May 7 2022: State Bank of Pakistan will observe five working days with immediate effect as per notification issued by State Bank of Pakistan.

Monday to Thursday from 9:00 a.m. to 5:30 p.m. with prayer/ lunch break from 1:30 p.m. to 2:15 p.m. whereas on Friday office hours will be from 9:00 a.m. to 6:00 p.m. with prayer/lunch break from 1:00 p.m. to 2:30 p.m. Banks / Microfinance Banks (MFBs) may prescribe business (banking) hours for public dealing as per their business requirements provided the business (banking) hours being observed by the field offices of SBP Banking Services Corporation (SBP-BSC) are complied with as a minimum benchmark for this purpose.

Further, in order to ensure the availability of basic banking facilities to business community and public at large, banks / MFBs may open their selected branches situated in major cities / business centers / commercial markets & hubs / ports etc. on Saturdays as per their business requirements. The collection booths of banks located at Custom Houses / Ports shall remain open 24/7 as per existing practice. However, banks / MFBs shall submit a complete list of branches that will be opened on Saturdays to the Banking Policy & Regulations Department and also place the updated list of such branches on their websites. For the information of customers, banks / MFBs shall prominently display in the concerned branch that this branch will remain open on Saturdays.

 The above instructions shall continue to remain in force unless modified or withdrawn.

Source: State Bank of Pakistan

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  • Engro Fertilizer share price fails to hold ground as Director sold over 1.6 million shares: PSX
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