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HomeBusinessBanks to Be Closed for Consecutive 3 Days includes State Bank

Banks to Be Closed for Consecutive 3 Days includes State Bank

The State Bank of Pakistan (SBP) has declared that it will be closed on Monday, December 25, 2023, in observance of Quaid-e-Azam Day and Christmas. This decision is in accordance with the public holiday announcement made by the Government of Pakistan. In a recent circular, the central bank stated, “The State Bank of Pakistan and other banks will remain closed on December 25, 2023 (Monday) being a public holiday on the occasions of Quaid-e-Azam Day and Christmas, as declared by the Government of Pakistan.”

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This closure extends to commercial banks as well, resulting in a three-day closure from Saturday to Monday. The Pakistan Stock Exchange (PSX) also confirmed its closure on December 25 in alignment with the aforementioned public holidays.

The Cabinet Division maintains a comprehensive list of public holidays for the entire year, designating December 25th as a nationwide public holiday. As a result, individuals and businesses across the country will observe a day off on this significant date.

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