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Ramazan banking hours released by SBP; Zakat collection on July 23

July 17, 2012

The state Bank of Pakistan—File Photo
The state Bank of Pakistan—File Photo

KARACHI: The State Bank of Pakistan (SBP) announced, on Tuesday, the business (banking) and office hours for the ensuing Islamic holy month of Ramazan.

According to the SBP statement, all banks, development finance institutions (DFIs), microfinance banks (MFBs) and field offices of SBP Banking Services Corporation (SBP BSC) will observe business (banking) hours from 8.30am to 2.00pm without any break from Monday to Thursday. Meanwhile, their Friday business hours will be between 8.30am and 12.30pm, without any break.

Banks will remain shut on July 23 for the collection of Zakaat.

Ramazan is expected to commence from July 21 or July 22, subject to the sighting of moon.