SBP Changes Bank Timings in the COVID-19 crisis

Banks remain closed to the public market on the 1st of Ramadan

Banks remain closed to the public market on the 1st of Ramadan

The Central Bank of Pakistan has announced that all banks will be closed for public transactions on April 4 (Monday).

A statement issued by the State Bank of Pakistan (SBP) says banks will be closed on April 4, which is observed as a public holiday for Zakat purposes.

The statement went on to say that all banks, development finance institutions (DFIs), and microfinance banks (MFBs) will remain closed to public transactions on the above date.

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Meanwhile, bank, DFI, and MFB staff will come into the office on public holidays and treat them like a normal business day, he added.

With the holiest month scheduled to begin in the first week of April, Muslims are preparing for the month in better conditions than in the previous two years when the pandemic hit.

Also Read: SBP to create the bank account opening facility for mentally retarded people

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