AVN 67.38 Increased By ▲ 0.09 (0.13%)
BOP 9.90 Increased By ▲ 0.08 (0.81%)
CHCC 128.50 Increased By ▲ 0.19 (0.15%)
DCL 11.30 Increased By ▲ 0.04 (0.36%)
DGKC 111.70 Decreased By ▼ -0.22 (-0.2%)
EFERT 61.68 Increased By ▲ 0.93 (1.53%)
EPCL 44.60 Decreased By ▼ -0.18 (-0.4%)
FCCL 21.12 No Change ▼ 0.00 (0%)
FFL 17.77 No Change ▼ 0.00 (0%)
HASCOL 22.10 Increased By ▲ 0.24 (1.1%)
HBL 133.56 Increased By ▲ 0.45 (0.34%)
HUBC 82.52 Increased By ▲ 0.52 (0.63%)
HUMNL 8.08 Decreased By ▼ -0.02 (-0.25%)
JSCL 30.22 Increased By ▲ 0.33 (1.1%)
KAPCO 28.04 Increased By ▲ 0.16 (0.57%)
KEL 4.24 Increased By ▲ 0.03 (0.71%)
LOTCHEM 12.62 Decreased By ▼ -0.05 (-0.39%)
MLCF 39.74 Increased By ▲ 0.25 (0.63%)
OGDC 105.45 Decreased By ▼ -0.04 (-0.04%)
PAEL 37.29 Decreased By ▼ -0.02 (-0.05%)
PIBTL 13.58 No Change ▼ 0.00 (0%)
PIOC 98.09 Increased By ▲ 0.29 (0.3%)
POWER 9.65 Increased By ▲ 0.12 (1.26%)
PPL 94.03 Increased By ▲ 0.34 (0.36%)
PSO 207.85 Increased By ▲ 0.60 (0.29%)
SNGP 64.37 Decreased By ▼ -0.04 (-0.06%)
STPL 14.20 Increased By ▲ 0.03 (0.21%)
TRG 55.40 Increased By ▲ 0.07 (0.13%)
UNITY 18.38 Decreased By ▼ -0.01 (-0.05%)
WTL 1.21 Increased By ▲ 0.01 (0.83%)
BR100 4,334 Decreased By ▼ -12.22 (-0.28%)
BR30 22,002 Decreased By ▼ -81.03 (-0.37%)
KSE100 41,701 Decreased By ▼ -105.14 (-0.25%)
KSE30 17,606 Decreased By ▼ -52.86 (-0.3%)
COVID-19 TOTAL DAILY
CASES 309,581 566
DEATHS 6,451 7

KARACHI: The State Bank of Pakistan (SBP) has allowed banks and Microfinance Banks (MFBs) to open selected branches on Saturdays.

As per the directives issued through BPRD Circular No. 11 dated October 14, 2011, banks and MFBs were permitted to open their selected branches at various business centers, commercial hubs, ports, etc, on Saturdays.

However, subsequent to outbreak of COVID-19 pandemic, on March 23, 2020 banks and MFBs were advised to open their branches or work places with bare minimum staff for reduced timings from Monday to Friday until further instructions.

Since the banks and MFBs have been reverted to normal office and business hours, hence it has been decided that banks and MFBs may open selected branches on Saturdays in line with previous instructions subject to implementation of SOPs and guidelines issued by the Federal & Provincial Governments, from time to time.

All other instructions regarding opening of selected branches on Saturdays shall, however, remain unchanged.

Copyright Business Recorder, 2020