SBP announces Banking Holiday on 1st Ramazan

By: News Desk      Published: 08:21 PM, 12 Apr, 2021
SBP announces Banking Holiday on 1st Ramazan

The State Bank of Pakistan will remain closed for public dealing on 1st Ramazan-ul-Mubarak, 1442 A.H., which shall be observed as “Bank Holiday” for the purpose of deduction of Zakat.

In a statement, the SBP said all banks / DFIs / MFBs shall, therefore, remain closed for public dealing on 1st Ramazan-ul-Mubarak, 1442 A.H.

However, all employees of the banks / DFIs / MFBs will attend to their official assignments (in-office or work-from-home, as designated under the current COVID-19 situation) on Bank Holiday treating it as a normal working day (except for public dealing).

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