KARACHI: The State Bank of Pakistan (SBP) will remain closed on Wednesday, August 26, on the occasion of Eid Milad-un-Nabi (Sallallahu Alayhi Wa-Sallam), which falls on 12th Rabi-ul-Awwal, 1448 A.H.
In a circular issued by its Banking Policy and Regulations Department on Monday, the central bank informed the presidents and chief executives of all banks, development finance institutions (DFIs) and microfinance banks that its offices would remain closed for the public holiday.
Consequently, commercial banks, DFIs and microfinance banks will also remain closed for public dealing and routine banking transactions on the day.
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The announcement follows the federal government’s declaration of a nationwide public holiday to mark Eid Milad-un-Nabi.
Normal banking operations are expected to resume on Thursday.
