SBP declares closure of banks in smog-affected districts

 

SBP declares closure of banks in smog-affected districts  

In response to the severe smog conditions in Punjab, the State Bank of Pakistan (SBP) has announced the temporary closure of branches belonging to all commercial banks and microfinance banks (MFBs) in seven of the most heavily affected districts on Friday, November 10, 2023.

 

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As per a notification released by the Government of Punjab on November 8, 2023, the SBP has mandated the closure of all bank/MFB branches in the following areas: Lahore Division (comprising District Lahore, Nankana Sahib, Sheikhupura, and Kasur), District Gujranwala, District Hafizabad, District Sialkot, and District Narowal, effective on Friday, November 10, 2023. This decision is outlined in a press release issued by the SBP on Wednesday.

Due to the regular weekend holidays on Saturday and Sunday, banking services will resume on Monday, November 13, 2023.

Source: Pakistan Observer

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