SBP to observe six days working week during Ramadan

April 13, 2022 (MLN): Following the decision of the federal government, the State Bank of Pakistan (SBP) will observe six days working week during the holy month of Ramadan, a notification released by SBP said.

This will also be followed by all commercial banks, development finance institutions (DFIs) and microfinance banks (MFBs).

The revised office hours will be: Monday to Thursday and Saturday from 8:00 a.m. to 3:00 p.m. with prayer break from 1:00 p.m. to 1:30 p.m. whereas on Fridays the timings will be from 08:00 a.m. to 1:00 p.m. without any break.

Banks/MFBs are further advised to observe the following minimum business (banking) hours for public dealing: Monday to Thursday and Saturday from 08:00 a.m. to 1:00 p.m. without any break whereas on Friday, the business (banking) hours will be from 08:00 a.m. to 12:00 p.m. without any break.

However, except Friday, banks / MFBs may observe extended business (banking) hours for public dealing from 08:00 a.m. to 2:00 p.m. (without break) as their business requirements.

The above timings shall come into force with immediate effect and remain to continue unless modified or withdrawn, the notice added.

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