Insurers to operate from 9am to 4pm

Insurance Development and Regulatory Authority (IDRA) has fixed new working hours for insurers from 9:00am to 4:00pm starting from Wednesday.

IDRA also set a two-day weekly holiday for the insurance regulators and companies, according to a notification released Tuesday. 

To save electricity, the government has earlier decided on new working hours for banks from 9:00am to 3:00pm starting from Wednesday.

The government has also set office hours from 8:00am to 3:00pm, for all government, semi-government, autonomous and semi-autonomous institutions

.The government raised energy prices as much as 52 per cent earlier this month. The unprecedented fuel prices pushed up the cost of nearly everything on the market. Transport fare was also raised in response to the rising cost of fuel. The government also cited volatility in the global market due to the Russia-Ukraine war for the hike.