Bank holidays for Eid-ul-Fitr announced by State Bank of Pakistan

Bank holidays for Eid-ul-Fitr announced by State Bank of Pakistan

The State Bank of Pakistan (SBP) on Wednesday announced bank holidays for Eid-ul-Fitr. This is an annual Islamic festival celebrated by Muslims worldwide after the holy month of Ramadan.

The central bank has declared that it will remain closed from 21st to 25th April, 2023 (Friday to Tuesday) on the occasion of Eid-ul-Fitr.

This announcement has come as no surprise, as bank holidays are traditionally observed in Pakistan during the Eid festivals. The government of Pakistan and the SBP have been proactive in recognizing the importance of religious holidays and ensuring that bank employees and customers can celebrate these events without any inconvenience.

The SBP has also issued guidelines for banks to ensure that customers can conduct their transactions smoothly during the holiday period.

After the holidays end on April 25, 2023, banks will resume operations on April 26 and revert to their normal banking hours. This means that customers can continue their financial transactions without any disruption.

In conclusion, the announcement of bank holidays for Eid-ul-Fitr by the SBP is a welcome move that recognizes the importance of religious holidays in Pakistan.

It ensures that bank employees and customers can celebrate these events without any inconvenience. The guidelines issued by the SBP also ensure that customers can continue to access their banking services without any disruption. This is a positive step towards promoting a diverse and inclusive society in Pakistan.

Pakistan considers increasing tax exempt income threshold for salaried persons