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Home Business & Stock

SBP announces new bank timings amid lockdown

MM News Staff by MM News Staff
March 23, 2020
Reading Time: 1 min read
customers will not need to visit any branch physically. Source: FILE.

customers will not need to visit any branch physically. Source: FILE.

KARACHI: State Bank of Pakistan has announced new bank timings today (Monday) as several cities are under lockdown owing to coronavirus outbreak.
In this regard, SBP held a meeting with banks, through video link, to assess their readiness to ensure uninterrupted supply of banking services to clients in the wake of lockdowns and closure of cities by Federal and Provincial Governments due to COVID-19 pandemic.
The meeting was chaired by Governor SBP, Dr. Reza Baqir and was attended by bank’s presidents and senior SBP officials.  The following decisions were made by SBP after consultations with the banks.
In the notification issued by the SBP, all the branches and offices will remain open throughout Pakistan with bare minimum staff and the timings will be from 10:00 am to 04:00 pm.
Other necessary steps were also taken by the State Bank. The notification is:

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