SBP directs banks to open branches on July 8, 2022 State Bank of Pakistan

SBP directs banks to open branches on July 8, 2022

KARACHI: State Bank of Pakistan (SBP) on Thursday directed banks to open their branches on July 08, 2022 – the first holiday for Eid-ul-Adha to facilitate people.

The federal government has announced five days of holidays on the occasion of Eid ul Adha. Subsequently, the SBP also announced holidays from July 8 to July 12, 2022 for banks.

READ MORE: Bank holidays announced for Eid ul Adha 2022

However, the central bank said in order to ensure the availability of banking services to trade and 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.

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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, the SBP added.

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