Banks to close for public dealing on 1st Ramadan
MG News | February 17, 2026 at 06:22 PM GMT+05:00
February 17, 2026 (MLN): The State Bank of Pakistan
(SBP) has declared a Bank Holiday on the 1st of Ramadan-ul-Mubarak, 1447 A.H.,
designated for the purpose of Zakat deduction.
In a circular addressed to the Presidents and Chief
Executives of all Banks, DFIs, and MFBs, the central bank confirmed that it
will remain closed for public dealing.
All commercial banks, Development Finance Institutions
(DFIs), and Microfinance Banks (MFBs) across the country are directed to follow
suit and suspend public-facing operations on that day.
However, the holiday will not affect internal operations.
All bank employees are required to report to work as usual,
with the closure applying strictly to public dealing services.
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