Karachi, March 22, 2024 – The State Bank of Pakistan (SBP) has announced a bank holiday on March 23, 2024, in observance of ‘Pakistan Day’, according to a circular issued by the central bank today.
In the circular addressed to the presidents and chief executives of all banks, development financial institutions, and microfinance banks, the SBP formally communicated the declaration of the bank holiday.
March 23rd holds significant historical importance for Pakistan as it marks the anniversary of the Lahore Resolution, also known as Pakistan Resolution, passed on March 23, 1940, which laid the foundation for the creation of an independent Muslim state in South Asia.
The circular further stated that the State Bank of Pakistan will remain closed on March 23, 2024 (Saturday), as it has been declared a public holiday by the Government of Pakistan to commemorate Pakistan Day.
Pakistan Day is celebrated with fervor and patriotism across the country, with various events, ceremonies, and parades held to honor the struggles and sacrifices of the forefathers in the journey towards independence and the establishment of Pakistan as a sovereign nation.
On this day, people from all walks of life come together to reaffirm their commitment to the principles of unity, faith, and discipline, which are the cornerstones of the Pakistani nationhood. It is a time to reflect on the achievements made since the inception of the country and to pledge towards its continued progress and prosperity.
The bank holiday on Pakistan Day provides an opportunity for citizens to participate in national celebrations, pay tribute to the heroes of the independence movement, and engage in activities that promote national unity and solidarity.
Businesses and financial institutions are advised to take note of the bank holiday and make necessary arrangements to ensure smooth operations during the designated holiday period.
As the nation prepares to commemorate Pakistan Day with pride and reverence, the bank holiday serves as a reminder of the shared heritage and collective aspirations of the Pakistani people towards a brighter and more prosperous future.
