SBP orders banks to open selected branches on Friday to facilitate public

The State Bank of Pakistan Thursday ordered banks to open selected branches on Friday, July 8, 2022 to accommodate the public and trade and industry, reported 24NewsHD TV channel.

Friday will mark the start of the official holidays for Eid-ul-Adha that would last till Tuesday next week.

In order to ensure the availability of banking services to trade & industry, in particular and public in general, during the extended holidays on the occasion of Eid-ul-Adha, it has been decided that banks / MFBs shall arrange to open selected branches, only on Friday, July 8, 2022 from 9:00 a.m. to 4:00 p.m. situated in close proximity of cattle markets, big cities, business centers, commercial markets & hubs, ports etc. throughout the country.

To ensure availability of banking services to trade & industry and general public during extended holidays on Eid-ul-Adha, it has been decided that banks / MFBs shall arrange to open selected branches, only on Friday, July 8, 2022 from 9am to 4pm. https://t.co/7q5ssRGLBR pic.twitter.com/7lU9dU1yAZ

— SBP (@StateBank_Pak) July 7, 2022

It may, however, be noted that RTGS System and Clearing through NIFT will not be available on the afore-mentioned date. Accordingly, all clearing transactions including foreign exchange conversion transactions will be settled on the next working day i.e. Wednesday, July 13, 2022.

Banks / MFBs should ensure the deployment of minimal number of staff necessary to carry out smooth working at such branches on the above date.