The State Bank of Pakistan (SBP) has announced a bank holiday in Pakistan on Monday (2 January 2023) in order to year end closing of accounts.
“The State Bank of Pakistan will remain closed for public dealing on Monday, January 2, 2023, which will be observed as ‘Bank Holiday’.” said the central bank in a press release.
“All banks / DFIs / MFBs shall, therefore, remain closed for public dealing on the aforementioned date.” the State Bank of Pakistan added.
Furthermore, the central bank said that employees of the banks / Development Finance Institutions (DFIs), and Micro Finance Banks (MFBs) will attend the office as usual.
It is pertinent to mention that SBP usually announces a bank holiday in Pakistan on the 1st of January every year, but since it is landing on a Sunday, the bank holiday this year will be observed on 2 January 2023.
This is screenshot of the official presser available on the State Bank of Pakistan’s website:
Read more: Dollar Rate in Pakistan (Daily Updates).