Supreme Court order not to affect Summit Bank’s depositors

KARACHI: The Supreme Court of Pakistan (SC) during the proceedings of Human Rights Case No. 39216-G of 2018 has made an order dated July 8, 2018, and the instructions provided in the order in no way pertain to the regular operations of the Summit bank and affects the depositor’s money, said a press release issued by State Bank of Pakistan (SBP) here on Monday.

According to the statement, Summit Bank is working in normal manner and is meeting its obligations towards depositors. All rumours circulating in the media, particularly social media, about the Summit Bank are baseless and misleading. The public in general and depositors of the Summit Bank, in particular, are advised not to pay attention to such rumours.

SBP reiterates its commitment to safeguard the interest of depositors and stability of the banking system of the country. Further, it reassures that the country’s banking sector is stable and strong, concluded the press release.

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