Banks to remain shut for public dealings on Jan 3

By: News Desk
Published: 12:43 AM, 31 Dec, 2021
Banks to remain shut for public dealings on Jan 3
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All banks in Pakistan will remain closed for public dealing on January 3 (Monday), the State Bank of Pakistan (SBP) announced Thursday.

According to a statement issued in this regard, the central bank has said that January 3, 2022, will be observed as "Bank Holiday", therefore, all banks, development finance institutions (DFIs) and Microfinance Banks (MFBs) will remain closed for public dealing.

The State Bank will itself remain closed.

The statement, however, mentioned that employees of banks, DFIs and MFBs will attend the office as usual.

It is pertinent to mention here that a day earlier the central bank had announced that field offices of the SBP Banking Services Corporation (SBP-BSC) and authorised branches will observe extended banking hours till 8pm and 10pm on December 30 and 31, respectively to facilitate collection of government receipts and taxes.

“Accordingly, National Institutional Facilitation Technologies (NIFT) has been advised to arrange a special clearing at 8pm on December 31, 2021 (Friday) for same day clearing of payment instruments,” the SBP had said in a statement.

The central bank had also directed all banks to keep their concerned branches open on December 31, 2021 (Friday).

Categories : Business