The State Bank of Pakistan (SBP) has revised the working days and timings with immediate effect.
In a statement issued on Friday, the central bank notified the revised timings ie Monday to Thursday from 9am to 5.30pm, with prayer/ lunch break from 1.30pm to 2.15pm.
Whereas, the office hours on Friday would be from 9am to 6pm, with prayer/ lunch break from 1pm to 2.30pm, the statement added.
“Banks/ microfinance banks (MFBs) may prescribe business (banking) hours as per their requirements provided the banking hours being observed by the field offices of the SBP Banking Services Corporation (SBP-BSC) are complied with as a minimum benchmark for this purpose.”
In order to ensure the availability of basic banking facilities, banks/ MFBs may open their selected branches situated in major cities, business centres, commercial markets and 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 the existing practice.”
However, banks/ MFBs would have to submit a complete list of branches that would be opened on Saturdays to the Banking Policy and Regulations Department and also place the updated list of such branches on their websites, the statement said.
Published in The Express Tribune, May 7th, 2022.