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Reading: SBP Announces Bank Closures in Punjab Due to Severe Smog Emergency
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PhotoNews Pakistan > Business > SBP Announces Bank Closures in Punjab Due to Severe Smog Emergency
Business

SBP Announces Bank Closures in Punjab Due to Severe Smog Emergency

Web Desk
By Web Desk Published November 9, 2023 1 Min Read
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State Bank of Pakistan's building I.I. Chundrigar Road, Karachi. Photo Credits: SBP
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Due to severe smog conditions, the State Bank of Pakistan (SBP) declared the closure of bank branches on Friday, November 10, 2023, in several districts of Punjab, including the entire Lahore Division.

The SBP’s directive affects banks and Micro Finance Banks (MFBs) in Lahore, Nankana Sahib, Sheikhupura, Kasur, Gujranwala, Hafizabad, Sialkot, and Narowal districts.

In response to the environmental crisis, the Punjab government has announced an “environmental and health emergency” from November 9 to 12 in Lahore and surrounding divisions.

The emergency measures entail closing markets, shopping malls, restaurants, cinemas, gyms, schools, and offices. There will also be restricted movement in the affected areas, with limited public and private transport.

Enforcement of Section 144 to Combat Smog

The Punjab government has implemented Section-144 and declared health emergencies in the Lahore division to combat the worsening air quality. This includes closing educational institutions, government and private offices, cinemas, parks, and restaurants in the affected districts. However, essential services like marriage halls, bakeries, pharmacies, public transport, and construction activities will continue to operate. The public, especially children and the elderly are advised to wear masks to protect against smog.

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