New Currency Notes, 8877 SMS Service System Overloaded – State Bank Confirmed to Improve
State Bank of Pakistan (SBP) has pledged to improve the system of SMS service 8877. The said system of issuance of fresh currency notes has been crash on second day of launching. The service was started on Monday, June 12, 2017 throughout he country.
30 Banks, 1020 E-Branches
SBP has designated almost 30 banks and financial institutions in ll over the Pakistan. They are located in all four provinces, GB and AJK. Banks are SBP, MCB, HBL, UBL, ABL, Meezan Bank, NBP, Alfalah Bank, Sindh Bank, Punjab Bank, Khyber Bank, JS Bank, Samba Bank, Silk Bank, Standard Chartered Bank, Bank Al-Habib, Askari Bank, Al-Baraka Bank, Khushhali Bank, NIB Bank, Punjab Cooperative Bank, Bank Alfalah Al-Islami, Islami Bank, First Women Bank, Dubai Islamic Bank, Faisal Bank, Habib Metro Bank, Soneri Bank and Summit Bank.
120 Cities, Towns and Tehsils and Districts
This modern system, which functions online and using web and computerized system is running in 120 cities and towns of Pakistan. These town and cities are situated in all four provinces of Pakistan, Gilgit Bltistan and Azad Jammu and Kashmir.There are 3 bank branches in AJK including in Muzaffarabad, Mirpur and Kotli. In Baluchistan province there are 19 cities and town, whose residents can obtained new currency notes before eid ul Fitr 1438AH. Two e-branches are located in Gilgit Balttistan (GB) including in Gilgit City and Skardu City.
I capital city, Islamabad city is facilitated for this SMS service. There are 25 cities and tows in Khyber Pakhtunkhwa (KPk) Province. In Punjab province 46 cities and towns has been provided this fresh currency issuance facility. In Sindh province State bank has given facility to 24 city and towns.