KARACHI: Banks and microfinance banks may open select branches on Wednesday, May 27, the State Bank of Pakistan (SBP) has said.
“In order to ensure the availability of limited banking services to public at large during the extended holidays on the occasion of Eid‐ul‐Fitr, it has been decided that banks / MFBs may open their selected branches on Wednesday, May 27, 2020 at their own discretion in various business centers / commercial hubs etc. across Pakistan,” the SBP statement on Wednesday said.
However, the SBP said that the RTGS System and clearing through NIFT will not be available on May 27. Instead, NIFT will collect financial instruments from branches on Thursday, May 28, for clearing purposes. “For this purpose, banks / MFBs should ensure the deployment of minimal number of staff necessary to carry out smooth working at their selected branches on the above date,” the SBP said.