In accordance with the new government's regulations, the SBP has extended its working days and hours for the month of Ramadan.

In accordance with the new government’s regulations, the SBP has extended its working days and hours for the month of Ramadan. As per the notification issued by SBP; “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.”

The schedule of extended days and hours

The SBP said that the new timings will come into force with immediate effect and remain unless modified or withdrawn. The extended days and hours of all commercial banks, development finance institutions and microfinance banks during the month of Ramadan-ul-Mubarak would be as follows:

Monday to Thursday and Saturday from 8:00 am to 3:00 pm with prayer break from 1:00 pm to 1:30 pm, whereas on Fridays office hours will be from 8.00 am to 1:00 pm without break. Banks / Microfinance banks are further advised to observe the following minimum business (banking) hours for public dealing: Monday to Thursday and Saturday from 8:00 am to 1:00 pm without prayer break whereas on Fridays office hours will be from 8.00 am to 12:00 pm without break.

Read more: New Government Withdraws its Decision to Raise Salaries of Government Employees

Bankers protest

The extended timing in the month of Ramadan doesn’t sit well with the bankers, and they have announced to launch a nationwide protest. The bankers asked their colleagues on LinkedIn to spread the word; “Protest for revised banking timings and Saturday working days after namaz-e-jummah. In front of SBP I.I. Chunrigarh Road, Karachi.” They have also warned the institution that they will resign from their posts if the notification regarding extended days and hours is not taken back. Here’s their stance:

While, some demanded compensation

Currently,’ #بینک_ٹائمنگ_نامنظور ‘is in the top 3 trends of Twitter. With people sympathizing with the bankers and asking the incumbent government to take care of the people in the month of Ramadan.

Source: LinkedIn

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