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State Bank of Pakistan Notification : Banks Two Days Holiday (Saturday Sunday off)

Notification of Banks Two Days Holiday (Saturday Sunday off)
KARACHI (Friday, October 14, 2011) : State Bank of Pakistan (SBP) and commercial banks would be observing Saturday and Sunday as weekly holidays from October 15, Geo News reported.
There will be an exemption for a few branches located in the commercial centres as they would remain open on Saturday as well.
An SBP handout issued here said the Central Bank most branches of commercial banks would remain open five days a week, following the federal government’s announcement of two weekly holidays in government and semi-government organizations under a vigorous energy saving campaign.

Public Holidays 2011 : Notification of GOP

All Banks Closed for two days Weekly announced

The handout further said that banking hours for Monday-Thursday would be 9.00 A.M. to 5.00 P.M., while on Friday the transactions in banks would continue up to 6.00 P.M.
According to the Central Bank, some bank branches in commercial areas would remain open on Saturday with prior permission of the Central Bank. Commercial banks have been asked to submit a list of branches which would remain open.
People in reaction said that drawing cash from the ATMs of the banks had already been a great hassle for them and now two-day a week holiday would further add to their miseries.
Industrialists said that the two days a week holiday for the banks would be adversely affecting the exports as well as the imports of the country.
(Published in Geo News TV Website)

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Notification/Circular of State Bank of Pakistan Regarding two days Holiday w.e.f 15.10.2011 (Saturday).

Circulars/Notifications  


 BPRD Circular No. 11 of 2011
October 14, 2011

The Presidents/Chief Executives
All Banks / MFBs

Dear Sirs/Madam,

FIVE DAYS WORKING WEEK

       As per decision of the Federal Government, vide Notification No. 2/7/2011-Public dated October 13, 2011 five days working week will be observed by State Bank of Pakistan. Accordingly, State Bank of Pakistan shall remain closed on Saturdays and Sundays.

2.         The following office timings will be observed by State Bank of Pakistan with immediate effect till further orders:

1
 Monday to Thursday  9 am to 5.30 pm (with lunch/prayer break from 1.30 pm to 2.15 pm)
2
 Friday  9 am to 6.00 pm (with lunch/prayer break from 1 pm to 2.30 pm)

3.         However, in order to ensure availability of basic banking facilities to business community, it has been decided that selected branches of banks in various business centers/commercial hubs/ports etc. will remain open, while the Head Offices and other administrative offices of banks will remain closed on Saturdays. In this regard, banks may at their own decide the number of branches that will be opened on Saturdays. Also, the Banks’ collection booths located at Custom Houses/Ports shall remain open 24/7 as per existing practice. The banks will submit a complete list of branches to be opened on Saturdays to the Banking Policy & Regulations Department by October 18, 2011.

4.         Nonetheless, to ensure that opening of selected number of branches would also support the underlying objective of the Government to conserve energy, it has been decided that the branches to be opened on Saturdays would perform only those banking activities that will be absolutely necessary to facilitate the people. The list of activities permissible to be carried out on Saturdays is as under:

  • Cash Receipts and Payments
  • Collection of Government Revenues (Taxes, Custom Duties etc.)
  • Government Payments (Pensions, Salaries etc.)
  • Online Transactions/Fund Transfer (wherever possible)
  • Collection of Utility Bills
  • Issuance of Demand Drafts, Pay Orders, Traveler Cheques etc.
  • Collection of Cheques and other related instruments (the instruments received for clearing will be processed on next working day)
  • Acceptance of Documents/Opening of Inland & Foreign Letter of Credit (not forward cover)

5.         For the purpose, the banks should ensure deployment of minimal number of staff absolutely necessary to carry out the above functions with the clear instructions to ensure minimum possible use of electric appliances. The banks will also observe the other instructions of Government of Pakistan regarding energy conservation.

6.         For the information of the customers, the banks shall prominently display in the concerned branch that this branch will be opened on Saturdays for carrying out basic banking activities (list of activities to be mentioned in the notice).

7.         Above instructions are applicable with immediate effect. In case of any query or clarification, please contact the following officers;

8.         Please ensure meticulous compliance of the above and acknowledge receipt.


Yours truly

Sd/-
(Mansoor H. Siddiqui)
Director

About Tahir Iqbal

PTCL Worker at Switching EWSD Multan Qualification = DAE (electrical) + BS(CS)

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