The State Bank of Pakistan (SBP) will be closed to the public on July 3 (Monday) due to a bank holiday, according to a notification released on Monday.
“As a result, all banks/DFIs/MFBs will remain closed for public trading on the aforementioned date.” Employees of banks/DFIs/MFBs, on the other hand, will report to work as usual,” it added.
The holiday is due to the commencement of the new fiscal year on July 1 (Saturday), however Eid ul Adha’s third day will be commemorated on that day.
The holiday has now been moved to July 3, however, this day the banks/DFLs/MFBs will remain closed to the public but not to their employees.
The administration had already declared Eid a four-day holiday. From June 28 to 30, banks will be closed.
As a result, all commercial banks across the country will also remain closed for five days — Wednesday, Thursday, Friday, Saturday, and Sunday.