SBP guides banks to work till 5pm and 8pm on Saturday and Sunday, separately
Friday, December 29, 2023
In a move pointed toward working with masses, the State Bank of Pakistan (SBP) Friday guided banks to stay open toward the end of the week for the assortment of "charges through substitute conveyance channels and over-the-counter offices".
"It has been concluded that parts of all banks that are open on Saturday will notice broadened working hours on Saturday and Sunday," the SBP said in its true proclamation.
The banks will stay open till 5pm on December 30 (Saturday), while on December 31 (Sunday) the functional hours will be till 8pm.
To facilitate taxpayers in the payment of government duties/taxes, all bank branches that are open on Saturday shall observe extended working hours till 5:00pm on Saturday 30th December, 2023 and till 8:00pm on Sunday 31st December, 2023.https://t.co/WGwPuJTykC#SBPAnnouncements pic.twitter.com/znXIe2WJj7
— SBP (@StateBank_Pak) December 29, 2023
Likewise, the Public Institutional Help Advancements (NIFT) — to guarantee same-day clearing/settlement of installment instruments — has been "encouraged" by the SBP to organize unique clearings at 3pm and 5pm on Saturday and Sunday, individually.
Moreover, the banks — in a move pointed toward disposing of the issue of overflow of duty receipts — have been coordinated to guarantee that no instrument concerning government receipts, stopped during the previously mentioned available time, stay unattended at branch counters and should be held up in the aforementioned unique clearing in the worth date of December 31, 2023.
In the mean time, banks are additionally encouraged to keep their significant branches open toward the end of the week "till such time that is important to work with the exceptional clearings for Government exchanges by the NIFT".
