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SBP takes remedial steps to ensure payments to pensioners

byCT Report
03/07/2016
in Business
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KARACHI: The State Bank of Pakistan (SBP) has taken remedial measures to ensure payments to pensioners and provision of banking service to general public.

A statement here on Saturday said that the National Bank of Pakistan (NBP) experienced `unanticipated technical difficulties in their operating system while catering to extraordinary demand for cash on the occasion of Eid ul Fitr and countrywide monthly pension disbursements’.

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It maintained that the customers of the Bank had to face difficulties in availing banking services at several locations in the country.

The statement further pointed out that the State Bank of Pakistan has taken immediate remedial measures with the concerned Bank to ensure uninterrupted provision of banking services to the general public, particularly the pensioners. The operations of National Bank have now been restored and it is providing its services to the pensioners.

Further, National Bank of Pakistan has also been instructed to keep all their branches open to make disbursements to the visiting pensioners/customers late hours. Also, all banks including NBP have been instructed to ensure that all their ATMs remain functional and disburse cash through Eid break.

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