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The State Bank of Pakistan (SBP) on Wednesday increased its working days from five to six a week, in accordance with the new government's regulations, while also changing its office and business timings for the month of Ramazan, the central bank confirmed the development to Business Recorder.

“As per the decision of the Federal Government communicated vide Notification No.6/2/1996-D-2 dated April 12, 2022, the State Bank of Pakistan (SBP) will observe six days working week,” read a notification.

During Ramazan, the SBP will observe office hours from 8 am to 3 pm with a prayer break from 1 pm to 1:30 pm from Monday to Thursday and Saturday. Office timings for Friday will be 8 am to 1 pm, with no break.

These timing will also be followed by all banks, development financial institutions and microfinance banks.

The SBP has also advised banks and MFBs to observe minimum business banking hours for public dealing from 8 am to 1 pm without break from Monday to Thursday and Saturday, and the timing for Friday will be 8 am to 12 pm without break.

However, except Friday, institutions may observe extended business (banking) hours for public dealing from 8 am to 2 pm (without break) a per their business requirements.

The new timings will come into force with immediate effect and remain unless modified or withdrawn, the SBP said.

PM Shehbaz abolishes two-day weekend for government offices

The development comes a day after newly-elected Prime Minister Shehbaz Sharif ordered that government offices will only shut for one day in the week instead of two - previously both Saturday and Sunday were off - and will open at 8 am instead of 10 am.

The PM issued these directives a day after being sworn in as the prime minister, following the ouster of Pakistan Tehreek-e-Insaf’s (PTI) chairman Imran Khan.

Comments

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nabeel mirza Apr 13, 2022 02:52pm
can any one tell government to change it back to previous timings?
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Rizwan Apr 13, 2022 03:15pm
daimaag khraab kardo Ramazan mein
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Fawad Shah Apr 13, 2022 06:32pm
THIS IS FOOLISH BUT NOT SURPRISING.WHEN THE PROFILE OF PM IS BELOW AVERAGE SUCH DECISION SHOULD NOT BE CONSIDERED AS WONDERS
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Waqas Tareen. Apr 13, 2022 09:24pm
We should focus on yield/output instead of increasing the time.
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Bilal Apr 13, 2022 10:53pm
Rubbish decision, they don't know due to this electricity and official bills will increase. MATLAB insan ni ha bankers Jo 7 hrs Ramadan ma working krye...
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Anti-logic Apr 15, 2022 09:21am
That will bring in nothing but non-productivity and agitation. Welcome empty heads to lead the nation.
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