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ISLAMABAD: The business community has urged the State Bank of Pakistan (SBP) to revisit its decision of restoring the Saturday holiday for banks across the country which will have a negative impact on both international trade and local businesses.

On Friday, the central bank notified that it will now observe a 5-day working week, with the office hours increased during the five-day workweek. The SBP issued new banking timings.

President Federation of Pakistan Chamber of Commerce and Industries (FPCCI) Irfan Iqbal Sheikh told Business Recorder that the most serious impact of banks not functioning on Saturday would lead to delays in the opening of L/Cs, their encashment, making payments, etc.

He said that this was bad for businesses as government departments will be open on Saturday but banks will be closed to cater to routine business needs.

A member of the Islamabad Chamber of Commerce Malik Ibrar concurred urging the State Bank to make it a six-day week like the federal government for the facilitation of business and the general public. He reminded the decision-makers who talk of transforming the country into a developed country like China and other progressing economies, that some banks in China operate 24 hours a day, seven days a week, to facilitate trading partners in other time zones like Europe and the Americas.

SBP says back to 5 working days a week

Chairman Pakistan Readymade Garments Association Ijaz Khokhar welcomed the government's decision of six working days and pointed out that the industry was working seven days a week and needed a day to day interaction with Commerce Ministry and other relevant ministries to enhance exports and suggested that banks should also be opened for six days in a week.

Former principal economic adviser finance ministry Dr Ashfaque Hasan Khan said that the current economic situation warrants conservation of energy and fuel due to growing pressure on external accounts and the government decision to increase the five working days to six working days weekly makes no sense as it would increase consumption of electricity and fuel.

Earlier, on April 13, 2022, when the SBP decided to observe a six-day working week, a large number of bankers across the country staged protests demanding the restoration of Saturday as a weekly off, even threatening to take the holiday if the government did not revert its decision.

Copyright Business Recorder, 2022

Comments

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jq May 08, 2022 11:19am
most banks have select branches open on saturday throughout the country. let the people have their family life. capitalism has made everyone blind with greed.
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Talal’s May 08, 2022 11:39am
Some people have no reason but a problem by north for creating issue without a reason . Which of your lcs will be transmitted on Saturday . International banking stays closed on top Sbp has allowed banks to keep functional its branches in business and trade areas as per business . Perhaps if you would have read the circular this wouldn’t have been a news .
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Talat Khatri May 08, 2022 11:52am
I don't know why our business community is always urging for Saturday working? Bankers are human too, they also have families, they also wants to socialize. There is no humanitarian in the business community. They are selfish and only thinking about their business and their profits. For the sake of businessmen, all bank's designated branches are working on Saturdays, why they do not banking with these designated branches? It will be insane if SBP reverts its decision.
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As3 May 08, 2022 12:21pm
Either chairman does not know the international business or requirements of LC, international market and overseas financial institutions are closed on Saturday and Sunday, hence above justification is neither logical or make any sense.
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K May 08, 2022 12:39pm
Phir to banks should hire machines and not human beings to do work coz human beings need rest n family life machines do not.. Stupid losers!
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Amin Shahzad May 08, 2022 12:43pm
Considering 40 hrs weekly work in mind you will be more than a fool to open a whole new day to waste fuel & energy.
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Wakid May 08, 2022 12:51pm
SBP already opened selected branches for full fill the busines mens requirments, as ww bankers also a human and need to spand social life, so we strongly disagree with business mens thought/thinking.
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Ahmed May 08, 2022 12:55pm
Banker are also human whole our the world banking are off sat sunday if we consider these type of mafia next time they said sunday also open bcuz they are facing pb then they expected to also service in your home? All banks selective branches open in saturday.
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K May 08, 2022 01:00pm
Pathetic reasoning in the article absolutely no need to make it 6 days coz at the end of the day only thing that matters is number of hours
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Daniyal May 08, 2022 01:04pm
SBP Dicision is correct. Saturday should be off .. However as far as business community Main branches shall remain open to facilitate and they should use digital mode as world is moving towards digitalization..banking employees not receive even over time for too much late sitting.. total hours exceeded which is against labour laws.
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Imran Abbas May 08, 2022 01:25pm
40 فیصد بینک برانچیز ان نامنہاد ٹیکس چور ،زخیرہ اندوز تاجر مافیاز کے لیے کھلی ہیں کیا اب ایک ایک بینک برانچ ان ٹیکس چور ، عوام دشمن تاجران کے گھر کے سامنے ہی نہ کھلوا دیں؟؟؟ تم لوگوں کو بھی جو پیسے دیتا ہے اسکے وکیل بن کے کالم چھاپنے شروع کر دیتے ہو، کبھی لکھا ہے کہ بینک ملازمین کن حالات میں کام کرتے ہیں انکی کیا مشکلات کیا ہیں؟ روزانہ 3 سے چار گھنٹے اپنے اوقات کار سے بغیر کسی اضافی اجرت کے کام کرتے ہیں۔۔۔شرم کرو
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Shahzad Shoukat May 08, 2022 01:58pm
Selected branches of all commercial banks are already opened to managed the day to day activities of business. So I don't think so that their is need to revisit the said decision.
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nosheen May 08, 2022 02:00pm
its not right to on saturday because bankers have personal life too please tale care of your workers
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Haitham May 08, 2022 02:08pm
Business community can operate their transactions from saturday opened branches..at customs banks works 24 hourly basis.. international market remains closed on Saturday Sunday so there is no benifit of opening banks and consuming electricity and resources.
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Saood Khan May 08, 2022 02:10pm
FPCCI iqbal sheikh is dreamt saying that on Saturday LCs are opened encashed and payments are made, so first of all he doesn't know that LCs are not opened on Saturdays around the world subsequently encashment and payments are processed on Mondays Aur import hai kitnee pakistan ki ... plus plus our sme is already running out of system due to tax invasion they deal in cash so there is no point in opening banks on Saturdays ot would be useless
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Shahzad Shoukat May 08, 2022 02:12pm
Various banks branches are already opened on Saturday.. all ADC channels are working properly.... what's further the business comunity wants ..
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Haitham May 08, 2022 02:12pm
There is sense of saying that LC can be issued and settled as international trade is not functioning on Saturday and sunday so its just a wasye of resources and these foolish thinking we would be just watlsting our resouces nothing else..
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Waseem May 08, 2022 02:35pm
If the businesses of these business communities are so flourishing then SBP should abolish Saturday off and FBR should take unprecedented action to bring these businessmen under the tax net to grab actual tax from them. EOBI, Labour department and Human Rights department should also ensure their existence while ensuring internationally recognized labour laws and norms.
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Hyder Ali May 08, 2022 02:36pm
So called business men demands are unrealistic when the whole Europe and America is closed on Sat and Sun how would they perform their trade related activities on Saturday. They come offices in second half and in undue pressurize bankers to late sit and accept their work after office timing. Basically in our country we do not have so called labour laws.
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Sadiq May 08, 2022 02:51pm
Saturday was off since November 2011 in all federal departments. All went well for businessmen as selected and main branches were open on Saturdays. Now what happened suddenly. Even government federal offices should revert to 5 days working week. International markets are also closed on Saturday. Keep it up SBP.
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SHAHZAD KHURRAM May 08, 2022 02:54pm
@Talal’s, most of the LCs and foreign payments are made by main branches of the banks and these main branches are already opened on Saturday.
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Ali May 08, 2022 02:54pm
5 days of working is the best policy.. bankers are also human beings.. they have also social life. It is to request statebank to please do not listen the business community and treat the bankers as humans. Please please please
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Arshad Iqbal May 08, 2022 03:00pm
Idiotic of business community, despite living in digital age and despite availability of selected branches being opened for them. Not sure when our business community get out of sethya mindset. When the developed world contemplating 4 days a week due to productivity gains. Such a pity!
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Ali May 08, 2022 03:01pm
Its is humble request to statebank to please keep its decision of 5 days as permanent as the bankers are human being also. Those business person who is asking for 6 days working they can't do any thing also in 6 days as those works they couldn't do in 5 days aslo can't do in six days. 6 days working only can make people lazy. And bankers are also their families. I also request to business communities to do not make lam excuses as international markets are off on Saturday Sunday.
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Ali May 08, 2022 03:01pm
Its is humble request to statebank to please keep its decision of 5 days as permanent as the bankers are human being also. Those business person who is asking for 6 days working they can't do any thing also in 6 days as those works they couldn't do in 5 days aslo can't do in six days. 6 days working only can make people lazy. And bankers are also their families. I also request to business communities to do not make lam excuses as international markets are off on Saturday Sunday.
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Ali May 08, 2022 03:03pm
@Imran Abbas, true
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Naeem May 08, 2022 03:03pm
Keeping in view your logic Sunday should also be a working day. World is moving toward digitalization where every business and individual has 24 hours access to their Banking transactions, which is way forward.
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Malik zaheer May 08, 2022 03:06pm
Lc Saturday ko kon si open hoti batya ga zara humma be ap kitni dar office ata detail batya ga as per labor law govt of Pakistan not imposed more than 40 hours per week Other bankers case against your policies in superm court
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Malik zaheer May 08, 2022 03:09pm
‎#امپورٹڈ__حکومت__نامنظور
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Adeel May 08, 2022 03:10pm
40 فیصد بینک برانچیز ان نامنہاد ٹیکس چور ،زخیرہ اندوز تاجر مافیاز کے لیے کھلی ہیں کیا اب ایک ایک بینک برانچ ان ٹیکس چور ، عوام دشمن تاجران کے گھر کے سامنے ہی نہ کھلوا دیں؟؟؟ تم لوگوں کو بھی جو پیسے دیتا ہے اسکے وکیل بن کے کالم چھاپنے شروع کر دیتے ہو، کبھی لکھا ہے کہ بینک ملازمین کن حالات میں کام کرتے ہیں انکی کیا مشکلات کیا ہیں؟ روزانہ 3 سے چار گھنٹے اپنے اوقات کار سے بغیر کسی اضافی اجرت کے کام کرتے ہیں۔۔۔شرم کرو
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hammad May 08, 2022 03:11pm
some unreputable websites take negative side of story and thats how they get attention.
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Ayesha Mansoor May 08, 2022 03:12pm
Banks have selected branches open on every Saturday. Trading on weekend can be done through that. Friday is off in many cities of pakistan, are there business get effected with international markets? Thiknk rationally. Best decision by sbp. #saturday_should_be_off.
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Mehboob ahmad May 08, 2022 03:13pm
There is no problem to work 6 Days or 07 , Actually the businessmen in pakistan do not want to pay actual wages to employees. SBP may allow 6 Days working with the condition that wage rate would be paid Double of 6th working day. I think businessmen will never demand this thing again after that.
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Farhan May 08, 2022 03:19pm
Business community are stupid and nonsence They dont have knowledge about international market.
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Islam May 08, 2022 03:29pm
Fuel prices are historically High country is suffering with energy crises no justification to increase banking hrs . Moreover banks remained OFF on Saturday for the last many years what efficiency the businessmen had achieved during that time and now asking to open 6 days . World is moving towards 4 wolfing days and efficiency in focused that these businesses must do .
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Abdul Hadi May 08, 2022 03:29pm
Ask the businessmen to open their businesses early in the morning instead of opening in the afternoon. Why they only target banks and why don't they look at their own casual and lethargic attitude? Balance in the life is extremely important. Five days a week working with full energy, devotion and enthusiasm is sufficient.
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Islam May 08, 2022 03:30pm
Fuel prices are historically High country is suffering with energy crises no justification to increase banking hrs . Moreover banks remained OFF on Saturday for the last many years what efficiency the businessmen had achieved during that time and now asking to open 6 days . World is moving towards 4 wolfing days and efficiency in focused that these businesses must do .
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Idrees Hanif May 08, 2022 03:30pm
If you want to bank operation should be for six days a week so banks should give some other benefits to its employees as other countries give.
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Faraz Siddiqui May 08, 2022 03:31pm
Salam! Pathetic reasoning in the article absolutely no need to make it * Six* days coz at the end of the day only thing that matters is number of hours. Firs o fall v r human beings and v have faimly...
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Adnan May 08, 2022 03:54pm
Demand from business community is not justified. Bnaks selected branches are opened to facilitate the customers. With respect to LCs , almost world is closed for Saturday and Sunday. It will be a waste of resources if bank is opened on Saturday. Moreover business community is urged to do trade transactions within 5 working days. Why they are waiting for Saturday its not understandable.
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Ali May 08, 2022 04:00pm
Its is humble request to statebank to please keep its decision of 5 days as permanent as the bankers are human being also. Those business person who is asking for 6 days working they can't do any thing also in 6 days as those works they couldn't do in 5 days aslo can't do in six days. 6 days working only can make people lazy. And bankers are also their families. I also request to business communities to do not make lam excuses as international markets are off on Saturday Sunday.
thumb_up Recommended (0)
Ali May 08, 2022 04:00pm
Its is humble request to statebank to please keep its decision of 5 days as permanent as the bankers are human being also. Those business person who is asking for 6 days working they can't do any thing also in 6 days as those works they couldn't do in 5 days aslo can't do in six days. 6 days working only can make people lazy. And bankers are also their families. I also request to business communities to do not make lam excuses as international markets are off on Saturday Sunday.
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Hassaan Pasha May 08, 2022 04:05pm
Well what the business community doesn't know is that LCs don't get established on Saturday or Sunday because the Software called SWIFT through which LC messages are sent and received don't work ok weekends since the international world is closed also. Secondly, if they want to transform like China, then the government should also restrict population to 1 child per family to prevent the every growing population and demand for resources is going higher and higher on a daily basis with rising inflation. Thirdly, the businesses operate on various models. Manufacturing sectors work in shifts. Bankers don't. Also the bankers start their job at 9 am which means they they have to be there by 8.30 am and setup the branch before customer starts coming in. Thirdly once the bank closes public dealing at 5 pm, the banker still sits back till 7-8 pm at least since there is reconciliation, balancing and processing all the requests that came in till 5pm. Another reality, once a customer is inside the bank before 5 pm, they are not pushed outside the branch. It's true that no further customer will be allowed.inside after that time but any customers in the vicinity of the branch have to be served. And often it's.not a cash deposit transaction, so in short the bank is serving customers and taking their transaction request even after closing hours. Then processing the same, getting approvals takes time. These bankers are in some cases even sitting back late till 9 pm and above without any compensation for over time or anything. This is just branch banking. There are other departments where there is no end to work. A single person is working for two or more people. No one addresses that bankers are not being compensated. Not all banks give their employees bonuses or Eid / Ramazan bonuses. No over time, no opd at hospital, no medication, no claim for emergency ward visit to the hospital. If business community is willing to do all that then something can be done. But that will never happen. So even these 5 days is too much but we will manage. No Saturdays or Sundays.
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Imran Zada May 08, 2022 04:06pm
5 days is enough because if days work then the time is from 8 to 2 pm it very bad so 5 day is good decision fr 9 to 5 pm
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Uxmi May 08, 2022 04:09pm
Either chairman does not know the international business or requirements of LC, international market and overseas financial institutions are closed on Saturday and Sunday, hence above justification is neither lo
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Khanani May 08, 2022 04:19pm
Why business community don't consider to open and operate their business early morning daily especially on Fridays as well when all international markets are opened. They should know that there is no international settlement is happening on Saturdays.
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Shahab May 08, 2022 04:36pm
I think bussiness community. Didn't read the SBP Instructions where it is clearly stated that banks would be open on Saturday by selective branches further International branches and Banks remained closed on Saturday and Sunday.Bussiness men should enhanced their bussiness .Once proved the time may be enhanced. TANQEED BRAY TANQEED is not Good
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Shahab May 08, 2022 04:40pm
Bussiness community are unaware of SBP Instructions where selected branches would be opened on Saturday hence the same can enjoy their bussiness from there..
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Sufyan Anwer May 08, 2022 04:41pm
Fuel prices are historically High country is suffering with energy crises no justification to increase banking hrs . Moreover banks remained OFF on Saturday for the last many years what efficiency the businessmen had achieved during that time and now asking to open 6 days . World is moving towards 4 wolfing days and efficiency in focused that these businesses must do .
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Sufyan Anwer May 08, 2022 04:48pm
Business community such as markets & malls should be opened at 9 a.m till 6 p.m that will help to minimize the usage of electricity but saray Seth Sahab dopaher 2 bajay uth Kar aatay Hain, phir baten karte Hain ke business affect hoga due to 5 days Banking.
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Shahab May 08, 2022 04:49pm
Since last more than decade (10) years the Saturday was off then how they were opening LCS. BUSSINESS MEN are just doing nothing but DOODH DAY RAHAY HAIN MAINGNI DAAL K
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Hafiz Haroon May 08, 2022 04:51pm
Very unfair demand totally based on fiction five working days more than enough besides this more than fifty percent branches open on Saturday
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Shahab May 08, 2022 04:51pm
@nosheen, true
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Shariq May 08, 2022 04:59pm
I think this blog is bogus, and have nonsense of issues. Every bank has saturday open branches approx 70%. The world is moving towards 4 working days, uk, usa, sweden, germany... The more you have quality time, the more you become productive. Since our culture has become so stale that no one talks about productivity and creativity rather they think if someone is sitting on table six days a week, 10 hours a day, this is succeding us. Since our business community wakes up late, they must start business from 9am so they are also included in business activities in bank.
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Shariq May 08, 2022 04:59pm
I think this blog is bogus, and have nonsense of issues. Every bank has saturday open branches approx 70%. The world is moving towards 4 working days, uk, usa, sweden, germany... The more you have quality time, the more you become productive. Since our culture has become so stale that no one talks about productivity and creativity rather they think if someone is sitting on table six days a week, 10 hours a day, this is succeding us. Since our business community wakes up late, they must start business from 9am so they are also included in business activities in bank.
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Latif jan kakar May 08, 2022 05:21pm
We are bankers not beggar
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Mat Cher Malanga Nu May 08, 2022 05:29pm
Business Community pls concentrate on your labours and increase their salaries other wise we will protest against you in every city. Regards
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AQ May 08, 2022 05:39pm
I have visited in Oman where it seems 5 days working in a week and Banking timing is 9 Am to 2 PM, here it observe that timing is 9AM to none even in some branches staff sit to complete all days work till 9PM, as it's also against labour law, Bankers have no any social life and having more stressed while to achieve targets and all, please look at this while Bankers also human, please treat them as well like a human
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Faaiz May 08, 2022 05:49pm
Opening of LCs could be processed on Friday and Monday, Business Community want opening of LCs on Saturday only? When All international markets remains closed.. where they want to submit this after opening? Shame on u.
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FA May 08, 2022 05:57pm
Usually branches are serving time more than 12 hours because of local markets are opens around 11-12 am then end of bank timing they used to enter in branches. Bankers are already serves more than it's capacity. Suddenly Pakistan moves ahead by only banks?
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Adil roaz May 08, 2022 06:03pm
Dear business community all banks have already opened there selected branches in every city, if any transaction needed it can b done. So why disturbing so many employes. Even those who are working outside of there cities. In anywhere in pakistan all cities slected branche are opened
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Xavier May 08, 2022 06:10pm
These tax defaulters and chorrs just want banks to open on saturday so that they can indulge in more corruption. No to taxchorbusinessmen
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Asif May 08, 2022 06:11pm
We strongly recommend that like china and other developed countries all businesses must be opened by 8 AM and closed by 5PM sat and sun sould be off , this will save energy , provide bankers and businessman time for their families. Atlast customers will learn to come early for purchasing and our late arriving culture will be changed. In banks most of retailers deposit the cash at 6 PM or after as a result bank are forced to open counters late and bankers leave offices in late night .
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Imran May 08, 2022 06:17pm
Why not sbp should introduce banker service tax to business community has if they want bankers service then as per employee engaged to full fill the requirement they would be charged on hourlly basis and that amount should reflected to the employee account working extra hours as easy as simple. If business community is earning that much from our services than they should not have any problem in renting our services.
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Atif Hussain May 08, 2022 06:19pm
Most banks have select branches open on Saturday throughout the country. Banker's are human being not a machine.Either chairman does not know the international business or requirements of LC, international market and overseas financial institutions are closed on Saturday and Sunday, hence above justification is neither logical or make any sense. We protest again if SBP reverts it's decision
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SZ May 08, 2022 06:35pm
And if you these businesses to pay atleast bare minimum to their workers they will crying like crocodiles. If they want to replicate Chinese business model in Pakistan, are they ready to face similar conditions. And yes banks have to open seven days a week just to facilitate lethargic attitude of some businesses without even considering their own cost of operations or profitability.
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Mazhar Siddiqui May 08, 2022 06:37pm
Bank branches already open on saturday port/custom or other atleast 100 branches open diffrents banks so why the business man urged to open branch kindly stop this stuppid urged and continou same time and saturday off..
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Waheed May 08, 2022 06:39pm
Does anyone from business community ever recognized how much tax do bank employees pay to exchequer? And what amount of tax does business community evades? No one ever bothered the working hours beyond defined hours of bankers. And no one ever proposed to increase benefits of salaried class. This business community wishes that employees work day and night without any significant benefits. After all this they do not want to pay taxes judiciously.
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Atif Hussain May 08, 2022 06:41pm
Most banks have select branches open on Saturday throughout the country. Banker's are human being not a machine.Either chairman does not know the international business or requirements of LC, international market and overseas financial institutions are closed on Saturday and Sunday, hence above justification is neither logical or make any sense. We protest again if SBP reverts it's decision
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Atif Hussain May 08, 2022 06:41pm
Most banks have select branches open on Saturday throughout the country. Banker's are human being not a machine.Either chairman does not know the international business or requirements of LC, international market and overseas financial institutions are closed on Saturday and Sunday, hence above justification is neither logical or make any sense. We protest again if SBP reverts it's decision
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Fahad Saeed May 08, 2022 06:44pm
Some people have no reason but a problem by north for creating issue without a reason . Which of your lcs will be transmitted on Saturday . International banking stays closed on top Sbp has allowed banks to keep functional its branches in business and trade areas as per business needs. Perhaps if you would have read the circular this wouldn’t have been a news .
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M.Yahya Zafar May 08, 2022 07:06pm
Work Life balance is important and a person's productivity rather than number of hours spent at the desk is important. Five day working week is a model followed by the developed world and their economical success needs no mention! There is no implementation of working hours specified by the law and many Bankers have to spend two to three hours or more to complete their tasks without any additional monetary benefit.
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Syed Awais Ali May 08, 2022 07:16pm
SBP Discission in is correct. Saturday should be off .. However as far as business community Main branches shall remain open to facilitate and employees not receive even over time for too much late sitting.. total hours exceeded which is against labour laws. However does any of federal government body visited these factories what wages are they paying to their labors and how much misbehave they do with their employees they treat them as robots just to full file their desire of taking high profits and in return give them nothing most of them even not paying the wages as per government criteria showed bogus employee to reduce their tax and other government levies which is a serious crime which should be addressed.
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Syed Awais Ali May 08, 2022 07:17pm
SBP Dicision is correct. Saturday should be off .. However as far as business community Main branches shall remain open to facilitate and they should use digital mode as world is moving towards digitalization..banking employees not receive even over time for too much late sitting.. total hours exceeded which is against labour laws. However does any of federal government body visited these factories what wages are they paying to their labors and how much misbehave they do with their employees they treat them as robots just to full file their desire of taking high profits and in return give them nothing most of them even not paying the wages as per government criteria showed bogus employee to reduce their tax and other government levies which is a serious crime which should be addressed.
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Asad May 08, 2022 07:45pm
Please think for bankers they are also human not machine please dont make selfish for your buisness
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Hassan May 08, 2022 07:47pm
5 working days are best 9am to 5 pm is lot of time for working
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Suresh Kumar May 08, 2022 07:51pm
Bankers are human not robot.
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Farrukh May 08, 2022 08:10pm
Banks never closed on Saturdays. Because selected branches of all banks open for public dealing and customer's have face no problem on Saturdays.
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Bashir Ahmed May 08, 2022 08:11pm
Well,I think SBP has done a Good decision. Many Banks Branches are open on Saturday. We have Energy Crisis and I think 5 days a week is Good decision.
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Atif Hussain May 08, 2022 08:27pm
@Sadiq, yes Saturday off since 15 October 2011
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Awais May 08, 2022 08:29pm
Business community should work in 5 days, they just want create problems nothing more than that. Designated branches are open if they want to do any transaction and i knew they even dont have any major transaction in bank on Saturday’s.
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Syed Jehangir May 08, 2022 08:33pm
Certain branches of all banks are operational on Saturdays to facilitate customers. Now if someone wants the nearest branch/ all branches to be operational at the cost of compromising on bankers “work life balance” and increase of hefty expense on energy in a situation when country is striving to fulfil energy requirements, i must say it’s illogical and mean on their part. Being sensible is not even asking for it !!!
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Atif Hussain May 08, 2022 08:34pm
@Ali, we protest against if SBP reverts it's decision
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Kashif Rehan May 08, 2022 08:40pm
World moving towards 4 days working like europe but current government wants to work like machines no social and religious life.. also it is also not economically feasible in current crisis of electricity... best decision of SBP
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Yasir Abbas May 08, 2022 08:55pm
SBP should not revise circular. Before revise SBP see that banker are not avail pension and not any govt facilities. Banker work already 9 to 10 hours daily. If SBP revise circular SBP decrease timing according yo other hovt departments.
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Shah Nawaz Ahmad May 08, 2022 08:59pm
If Business community wants 6 working days and 24/7 then they should pay to bankers 1st practically and give extra staff for same work then urge to execute but it's very bad they not knw the ground reality of bankers working life and just urge for extra working day blindly. Shame
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Wahab ud din May 08, 2022 08:59pm
There is no banking all over the world on Saturday so which business could effect? Some people want 24 hour banking 7 days a week even having no banking relationship Just to defend the Imported Government.
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Sono May 08, 2022 09:01pm
Khuty hain ye business waly ye aramsady khud tu aish karty hain or in ko sirf saturday kam yad ata hi 5 din in ko koi kam aisa hai jo ni hota ya wo special sirf saturday ko he hona hai apni cheque ki payment 2 din bad leny sy mout par jay gi kia
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Manazir May 08, 2022 09:10pm
A wish list of businemen didn't fulfil by banker. There are number of branches open late night in different malls. Now what they want?
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Manazir May 08, 2022 09:10pm
A wish list of businemen didn't fulfil by banker. There are number of branches open late night in different malls. Now what they want?
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Shoaib May 08, 2022 09:14pm
Pahly bhi Saturday off he hota tha.. Jis na 5 din kam nhn krna wo 6 day bhi nhn kry ga..
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Shoaib May 08, 2022 09:16pm
Good
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Irfan Iqbal May 08, 2022 09:17pm
This is totally baseless excuse from business community that Saturday off will hamper their trade and other business transactions. All the banks have designated branches open for Banking on Saturday. Further Saturday was turned on by the present government whereas it was off till date and no such complaint was received by businessmen on it. It was acceptable to them with business running normally and adaptable to the schedule. It is our basic right to give reasonable time to families and do our personal work on holidays. Increasing work time doesn't guarantee increased efficiency as it may result in demotivation of the staff due to overwork and may result in decreased productivity. So our humble request to government is to take care of human rights and keep the Saturday off in the better interest of all the parties i.e. Staff, organisation and business community.
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Ali Mohsin May 08, 2022 09:18pm
There are already assigned designated branches working on Saturdays with their employees getting extra salary. Opening all branches will result in consuming more electricity, fuel consumption and it will be difficult to pay extra salaries to all the employees working on Saturday. Working on same salary for 6 days will accelerate the employees turnover and job dissatisfaction plus it will also negatively affect the social life of an individual. Bankers are already contributing alot to this economy. They even worked in days of peak pandemic while you all were resting. I would suggest on behalf of bankers that 5 days model is more than enough and do not revert it to 6 days. Thank you.
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Mamoon May 08, 2022 09:21pm
We the bankers have already working more than the internationaly recorded working hours i.e 45 days a week. So wat do u want more than us. We are also human beings. We have also families.
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Mamoon May 08, 2022 09:23pm
Some people have no reason but a problem by north for creating issue without a reason . Which of your lcs will be transmitted on Saturday . International banking stays closed on top Sbp has allowed banks to keep functional its branches in business and trade areas as per business . Perhaps if you would have read the circular this wouldn’t have been a news .
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Noaman rashid May 08, 2022 09:26pm
Fuel prices are historically High country is suffering with energy crises no justification to increase banking hrs . Moreover banks remained OFF on Saturday for the last many years what efficiency the businessmen had achieved during that time and now asking to open 6 days . World is moving towards 4 wolfing days and efficiency in focused that these businesses must do .
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Bilal Hamid May 08, 2022 09:27pm
Agreed only if all tajirs and shopkeepers open the shops at 8am.. we Bankers will shop till 9am and then open LCs for them..
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Noaman rashid May 08, 2022 09:30pm
Fuel prices are historically High country is suffering with energy crises no justification to increase banking hrs . Moreover banks remained OFF on Saturday for the last many years what efficiency the businessmen had achieved during that time and now asking to open 6 days . World is moving towards 4 working days and efficiency in focused that these businesses must do . In this digitalization time why people are still thinking like old boys.
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Irfan Iqbal May 08, 2022 09:35pm
his is totally baseless excuse from business community that 5-days working schedule will hamper their trade and other business transactions. All banks have designated branches open for business transactions. Further, 6-days working schedule is implemented by the present government, earlier it was 5-days working schedule and no complaint was received by the businessmen on previous Banking schedule. Their business transactions were done normally due to adaptation of their schedule according to 5-working days. Further every human being has basic right to give reasonable time to his family and do his personal tasks which can be done in 5-working days schedule. It is pertinent to mention that increasing time work doesn't guarantee increased efficiency rather it may result in decreased productivity due to demotivation of staff on account of overwork. So it is highly recommended to keep 5-working day schedule in the better interest of all parties i.e. staff, organisation and busuness community.
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Ali Ahsan May 08, 2022 09:41pm
World is converting on four days working while Pakistan is still moving towards old and failed system of six days.It would not benefit our country rather increase fuel and electricity cost as well as other overheads.Banks designated branches already opened on Saturday and there is no need of opening all branches as bank have effective Alternate delivery channels which other Government departments have not.Banks give 24 hrs Atm and internet banking facility through out the year. Nations excel and progress through effective strategies and planning and to do these one important factor for Government is to cut cost. Most markets and businesses open after 1 o clock in Pakistan when world has already done their job.Government need to ask businesses to open early and close early as well.
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M Manzar Javed May 08, 2022 09:49pm
What is the use of opening LC on Saturday as all international markets, business, banks are closed. This will reach only on next working day that is Monday. To cope with day to day business routine selected branches are open. They are giving example of China for working 24 hours, here please keep in mind that Chinese have more holidays than any other country. Furthermore, no humans can work day and night as it is again the law of world and even Islamic. If you work 5 days a week sincerely you can done development and progress
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Rizwan May 08, 2022 09:51pm
We urge business community to open shops at 6am and close at 5pm like international standards.
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M Manzar Javed May 08, 2022 10:35pm
What is the use of opening LC on Saturday as all international markets, businesses, banks are closed and in any case it will reach on the next working day that is Monday. To cope with day to day business routine selected branches are open. Don’t mix banking working with business because they work in shifts second businessman wants to open their markets all day to enhance their own profits but bankers are not paid for extra hours. Five days working in a week in enough if you work sincerely from 9 to 5 and on Friday till 6. Government timing is not suitable for banking (8pm to 3pm). We can’t satisfy the business community even if banks work on Sundays. Bankers working are most technical and hectic
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M Manzar Javed May 08, 2022 10:55pm
@M Manzar Javed, جتنا ٹیکس چوری بزنس کمیونٹی کرتی ہے شاید ہی کوئی کرتا ہو پھر بھی گورمنٹ انکے آگے لیٹ جاتی ہے اگر یہ بزنس کمیونٹی ٹیکس پے کرے تو پاکستان کا کتنا قرضہ اتر جائے۔ چور چو ر بزنس کمیونٹی ٹیکس چور۔۔
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M Manzar Javed May 08, 2022 10:55pm
جتنا ٹیکس چوری بزنس کمیونٹی کرتی ہے شاید ہی کوئی کرتا ہو پھر بھی گورمنٹ انکے آگے لیٹ جاتی ہے اگر یہ بزنس کمیونٹی ٹیکس پے کرے تو پاکستان کا کتنا قرضہ اتر جائے۔ چور چو ر بزنس کمیونٹی ٹیکس چور۔۔
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Noaman rashid May 08, 2022 10:58pm
Fuel prices are historically High country is suffering with energy crises no justification to increase banking hrs . Moreover banks remained OFF on Saturday for the last many years what efficiency the businessmen had achieved during that time and now asking to open 6 days . World is moving towards 4 wolfing days and efficiency in focused that these businesses must do .
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Syed Hassan Amjad Gillani May 08, 2022 11:14pm
Our business community does not know evn the know how about international business but giving the examples of china and other developed economies....
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Fawad Shah May 08, 2022 11:18pm
Most of the business community is doing parallel banking .They are the people most of them dont pay taxes and just to be in lime light they are giving such statements.fair enough you want bank to open 6 days a week.give undertaking in sense that how much business will you give to banks branches.Sbp governor is not a child just for the sake of few so called businessman he wont take such decision as opening of branch also involve adminiatrative expenses.you give committment that you ll give ample business and The honorable Governor will open such branches which can facilitate you guys
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Sherzad May 08, 2022 11:35pm
I work in akbl khaban e sehar branch Karachi my branch opens on Saturday but believe me it's totally lose for bank as we face 3 to 4 customers only on Saturday ,
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Shahab Ahmed Siddiqui May 09, 2022 01:00am
Bankers are human not Machine.The members are not living in same city where they posted .Their daily traveling affecting their performance and health .However two days leave recreating them and improving their performance besides few critical branches are still being opened as per SBP directives. Conclusion The timings are same as per last decades and in case of revised timing for six wing days , the timing of office and bussiness hours will be reduced which will not be feasible for bussiness community.
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Zubair Saqi May 09, 2022 01:12am
Business Community should ask and demand the federal Govt for 5 days working week sir... This is really painful for entire Banking, business and Govt Services department to work on 6 days
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Adnan Khan May 09, 2022 01:25am
Designated branches of all commercial banks are already opened on saturday to manage business activities. I don't think so that their is need to revisit the said decision as International banking stays closed on Saturday & Sunday Sbp has allowed banks to keep functional its branches in business and trade areas as per business requirements. chairman does not know the international business or requirements of LC, international market and overseas financial institutions are closed on Saturday and Sunday,
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Nadeem May 09, 2022 06:53am
Internet banking made the life easy for everyone including businessman. Now everyone can make transaction 24/7. Further business branches are already open on Saturdays. The issue raised by business community is baseless.
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Sadaqat Ameer May 09, 2022 07:21am
Our business community only creat problem for bankers and they always unhappy with every step... 5 working days ..its a good decision..
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Waseem May 09, 2022 07:47am
Businessmen urging six working days because they will have another day to issue cheques which ultimately dishonours. Totally dishonest and cruel community. Neither thinks about national interest nor workers/labour.
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omair anwere May 09, 2022 10:02am
our mostly branches working on saturday for business communities. then why they creating a issue. we strongly disagreed with their urge
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Shaheryar Ali May 09, 2022 10:27am
Select branches are open on Saturdays and work can be routinely carried out there. The bankers are human beings and during the weekdays we already leave by way past 8pm. So our work-life balance is already messed up. So these capitalism induced greedy people need to keep their mouths shut.
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Ch K A Nye May 09, 2022 11:05am
Which members of the community want 6 days? Those who turn up at 11, leave for lunch at 1 then off to the golf course? Get real.
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Ch K A Nye May 09, 2022 11:14am
The FPCCI Chairman does not speak for the entire business community.
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IMRAN HASSAN IMRAN May 09, 2022 11:19am
Designated Branches are open on Saturday
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Mehmood Amjad May 09, 2022 11:54am
This is digital era. Why don't you joining digital plateform and avoid public dealing. Bank are offering CDM machine, POS, internet banking etc. Get yourself updated instead of putting professionals into headache.
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Saqib May 09, 2022 12:21pm
All banks should be 24/7 operational throughout the country to facilitate the business. Run banks on 8 hours shifts for 3 times a day. Matter resolved.
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Anza May 09, 2022 03:04pm
Business community should also advise their customer yo open shops n businesses at 9 am and close at 6 pm by doing this atleast 6000 mega watt of electricity n fuels worth USD 2 billion could be saved n also install POS on each outlet in the best interest of the country
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Jawad May 09, 2022 07:45pm
Please blankets also have life also have children and parents to look we already work 9 to 7 everyday
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mansoor ghori May 09, 2022 09:01pm
Business community wake up in the afternoon this is not the fault of banks. These businessmen are cruel and even they don't follow the govt instruction on child labour and wages of workers. Greedy business community of pakistan.
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mansoor ghori May 09, 2022 09:02pm
Patwari mindset
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Awais May 10, 2022 06:49am
Mareo for the business needs banks open their certain branches on saturday that means banks serve in saturday too..what wants mafia more.. Sarurday should be must off it is necessary
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irfan Ali Khan May 10, 2022 08:50am
The SBP has taken care of all the bankers and the business community by announcing a five-day working . All the banks are already providing their essential services 24/7 hours a day through digital means.All banks opened designated branches for six day for business community in business areas.All banks branches closed in all other areas (rural out of business areas) of the country with the theme to protect the economic and social life of the staff saving the expenses of the bank for one day. Five day working branches also saves petrol and electricity across the country although these branches serve 45 to 50 hours equal to six working days as well, thanks to SBP
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Faizan Tariq May 10, 2022 10:15am
@Talat Khatri, Sunday is rest like the rest of world.syop complaining and bankers hve enjoyed record profits and long weekends. Time. To work.
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Faizan Tariq May 10, 2022 10:15am
@As3, intl. Banks are open on Sunday. Google it dumb.
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Jawad Ali May 10, 2022 02:35pm
یا اللہ پاکستان کے خال پر رخم فرمائے
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Sheikh May 10, 2022 06:16pm
Request to plz recognize bankers Atleast as humans. Discussion could go long. But I think I said it all.
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Sheikh May 10, 2022 06:18pm
Request to plz recognize bankers Atleast as humans...... Discussion could go long... But I think I said it all......
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sulaiman May 10, 2022 08:26pm
whats the point of six day working when all the business have been shifted from banking to cash mode nobody in the market is willing to channelise the transactions through banks. If this persits how could bank manage to balance their expenses. If business community wants six days working week there should be complete ban on cash mode
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Adeel May 10, 2022 09:40pm
Already Bankers have no social life. Why Business community interfere in banking sector
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Shakeel Siyal May 10, 2022 10:47pm
مجھے نہیں معلوم کہ ہماری کاروباری برادری ہمیشہ ہفتہ کو کام کرنے پر کیوں زور دیتی ہے؟ بینکر بھی انسان ہیں، ان کے بھی خاندان ہیں، وہ سماجی بنانا بھی چاہتے ہیں۔ تاجر برادری میں کوئی انسان دوست نہیں ہے۔ وہ خود غرض ہیں اور صرف اپنے کاروبار اور اپنے منافع کے بارے میں سوچتے ہیں۔ تاجروں کی خاطر، بینک کی تمام نامزد برانچیں ہفتے کے روز کام کرتی ہیں، وہ ان نامزد برانچوں کے ساتھ بینکنگ کیوں نہیں کرتے؟ اسٹیٹ بینک اپنا فیصلہ واپس لے تو یہ پاگل پن ہوگا۔
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Omer Farooq May 11, 2022 07:55am
If there is businesses are booming with a need to open banks Saturday then why they don't the profits with there employees? Why the labor don't get there due share? Why they don't pay taxes to the government?
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