Supreme Court order not to affect Summit Bank Depositors

Karachi, July 09, 2018 (PPI-OT): The Supreme Court of Pakistan during the proceedings of Human Rights Case No. 39216-G of 2018 has made an Order dated July 8, 2018. The instructions provided in the order in no way pertain to the regular operations of the Summit bank and affects the depositors money. The said bank is working in normal manner and meeting its obligations towards depositors.

All rumours circulating in the media, particularly social media, about the Summit Bank are baseless and misleading. The public in general and depositors of the Summit Bank, in particular, are advised not to pay attention to such rumours. State Bank of Pakistan reiterates its commitment to safeguard the interest of depositors and stability of the banking system of the country. Further, it reassures that country’s banking sector is stable and strong.

For more information, contact:
Chief Spokesman,
State Bank of Pakistan (SBP)
Central Directorate
I.I. Chundrigar Road, Karachi, Pakistan
Tel: +92-21-111-727-111
Tel: +92-21-39212562
Fax: +92-21-39212433 – 39212436