Karachi, July 25, 2023 – In a recent circular issued to all banks, development financial institutions, and microfinance banks, the State Bank of Pakistan (SBP) has declared bank holidays for the observance of Ashura Moharram 2023.
The bank holidays are scheduled to take place from the 28th to the 29th of July, 2023, which falls on a Friday and Saturday.
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During these two days, all SBP offices and branches will be closed to the public. This decision has been made in light of the significance of Ashura, which commemorates the 9th and 10th days of the Islamic month of Moharram, 1445 A.H.
The announcement of these bank holidays is in line with the country’s commitment to honoring religious observances and providing citizens with the opportunity to participate in and observe significant religious events.
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It’s worth noting that during these holidays, banking operations may be temporarily unavailable, and customers are advised to plan their financial activities accordingly to avoid any inconvenience.
