Published On: Wed, Mar 25th, 2020
Published in Category: Karachi

Banks timing rescheduled during lockdown

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KARACHI: The State Bank of Pakistan (SBP) on Tuesday has rescheduled banking hours across the country.

According to details, a statement issued by the SBP, all the banks will remain open from 10:00 AM to 4:00 PM as all commercial banks to strictly follow cleanliness and if found any symptoms of coronavirus the branch should immediately be closed.

The State Bank of Pakistan (SBP) has taken several measures to facilitate the financial consumers during coronavirus crisis including the provision of ‘disinfected cash’ and round-the-clock availability of ATMs in the country.

“Banks will provide fit, authenticated and disinfected cash. SBP will ensure to clean, disinfect, seal and quarantine all cash being collected from hospitals and clinics and to block the circulation of such cash in the market,” the central bank said in a statement issued following a meeting, chaired by SBP Governor Reza Baqir and attended by private bank’s presidents and other officials, on Monday.

The SBP said arrangements are being made to provide disinfected cash to banks enabling them to issue fresh cash or “the re-issuable cash that remained in quarantine for at least 15 days to their clients”. Private banks have been ensured that SBP has a sufficient quantity of fresh cash to meet the demand, read the statement.