SBP Announces Bank Holidays for Ashura e Moharram

SBP Announces Bank Holidays for Ashura e Moharram

Karachi, July 10, 2024 – The State Bank of Pakistan (SBP) has officially declared bank holidays in observance of Ashura e Moharram. In a circular addressed to all banks, the SBP confirmed that it will remain closed on July 16th and 17th, 2024, corresponding to Tuesday and Wednesday, to mark the occasion of Ashura (9th and 10th Moharram 1446 A.H).

Ashura e Moharram is a significant religious event observed by Muslims worldwide, commemorating the martyrdom of Imam Hussain, the grandson of Prophet Muhammad (Peace Be Upon Him). It falls on the 9th and 10th days of the Islamic month of Moharram.

The announcement of these bank holidays ensures that banking operations across Pakistan will be suspended on these dates. The SBP’s decision aims to facilitate observances and rituals associated with Ashura e Moharram, allowing employees and customers alike to participate in religious ceremonies and events without disruption.

During these bank holidays, banking services such as deposits, withdrawals, and other transactions will be temporarily unavailable. Customers are encouraged to plan their banking activities accordingly to avoid inconvenience during the designated closure period.

The SBP’s directive underscores the institution’s commitment to respecting and accommodating religious observances within the framework of national holidays. It reflects a broader cultural and religious sensitivity observed across various sectors in Pakistan, ensuring that citizens can observe their religious practices without hindrance.

The SBP’s announcement of bank holidays for Ashura e Moharram aligns with similar practices observed annually, reflecting a consistent approach to honoring religious sentiments while maintaining essential public services.

For further details on specific banking arrangements and services during the holiday period, customers are advised to contact their respective banks or visit official communication channels provided by the SBP.

In conclusion, the SBP’s decision underscores its commitment to cultural and religious inclusivity, ensuring that all communities can observe their religious traditions with due respect and consideration.