SBP announces bank holiday on 1st Ramadan

MG Link sends best wishes to our readers for Ramadan Kareem!

In accordance with the moon sighting, holy month of Ramadan is set to begin from tomorrow onwards.

Therefore, The State Bank of Pakistan will remain closed for public dealings on 1st Ramadan-ul-Mubarak 1439 A.H., which will be observed as ‘Bank Holiday’; for the purpose of deduction of Zakat.

All banks/Development Finance Institutions (DFIs)/Mircofinance Bank (MFBs) shall, therefore, remain closed for public dealing on 1st Ramadan-ul-Mubarak 1439 A.H. However, all employees of the banks/DFIs/MFBs will attend the office on Bank Holiday treating it as normal working day (except for public dealings).