Business

SBP announces bank holiday on July 1

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Web Desk

ISLAMABAD: The State Bank of Pakistan (SBP) has announced a nationwide bank holiday on 1st July 2024 (Monday).

State Bank offices as well as public and private sector banks, Development Finance Institutions (DFIs) and Microfinance Banks (MFBs) will remain closed for public dealings on the specified date, a press release issued on Friday said. However, the employees of these institutions must attend their offices as usual.

The bank holiday comes as Saturday and Sunday are already designated as weekly holidays, resulting in a three-day break from public dealings. Normal operations for public transactions will resume from 2nd July 2024 (Tuesday).

The purpose of this announcement is to inform the general public and ensure that necessary financial transactions are planned during this period.

Web Desk

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