News

State Bank of Pakistan reinstates Saturday holidays for banks

May 6, 2022 11:59 PM


The State Bank of Pakistan (SBP) announced on Friday it was reverting to a five-day workweek by reinstating Saturday as a holiday for banks, less than a month after the federal government increased working hours for banks and government offices.

On April 13, the central bank had announced it was increasing the working hours of banks on the directives of the federal government by declaring Saturday — otherwise a holiday — as a working day.

Today, however, the central bank announced the reversal of that decision by stating that banks across the country will remain closed on Saturdays.

https://twitter.com/StateBank_Pak/status/1522635816765435906

As per the SBP, banks will remain open from 09:00-17:00pm, Monday to Thursday, observing breaks from 13:30-14:15pm for prayers and lunch.

On Fridays, the banks will remain open from 09:00-18:00pm, observing a break from 13:30 to 14:30pm for lunch and prayers.



Most Read

  1. 'Underdogs' New Zealand vow to 'fight' in T20 series with Australia 'Underdogs' New Zealand vow to 'fight' in T20 series with Australia
  2. Saudi Airline flight makes emergency landing at Karachi Airport Saudi Airline flight makes emergency landing at Karachi Airport
  3. More than 8 million Pakistanis left abroad during 2023: FIA report More than 8 million Pakistanis left abroad during 2023: FIA report
  4. Arrest warrants for owner of Master Tiles issued Arrest warrants for owner of Master Tiles issued
  5. Jannat Mirza's sister responds to critics over 'groomless' Rukhsati Jannat Mirza's sister responds to critics over 'groomless' Rukhsati
  6. Bilawal Bhutto rules out ‘free vote’ for PML-N in govt formation Bilawal Bhutto rules out ‘free vote’ for PML-N in govt formation

Opinion

  1. The Dark Side of Generation Z
    The Dark Side of Generation Z

    By Dr Asif Channer

  2. THE SECRET WAR: Public Interest Vs Official Secrets Act 1923
    THE SECRET WAR: Public Interest Vs Official Secrets Act 1923

    By Syed Aun Mohammed Bokhari

  3. Political Opportunism and the 18th Constitutional Amendment
    Political Opportunism and the 18th Constitutional Amendment

    By Muhammad Asad Ayaz

  4. To Know and Not to Know
    To Know and Not to Know

    By Abdullah Bin Tahir

  5. Gender equality: A pre-requisite for a balanced society
    Gender equality: A pre-requisite for a balanced society

    By Mehak Sabir