SBP Declares Holiday for Banks on Saturdays

 The State Bank of Pakistan (SBP) has notified its revised working days and hours.

The office of State Bank Of Pakistan will remain operational from 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 the business community and the 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.

For the information of customers, banks / MFBs shall prominently display in the concerned branch that this branch will remain open on Saturdays.

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.