The State Bank of Pakistan (SBP) will be closed on Tuesday, September 17, 2024, to commemorate Eid Milad-un-Nabi, the anniversary of the birth of the Prophet Muhammad (Sallallahu Alayhi Wa-Sallam).
The bank will be closed on the 12th of Rabi-ul-Awwal, 1446 A.H., due to the holiday, which would affect financial transactions all around the nation.
In a succinct statement, the SBP announced the shutdown and stated that business will get back on Wednesday, September 18.
The observance is recognized as a national holiday by the government and is extensively observed throughout Pakistan with public celebrations and religious processions.
Regular commercial activities are anticipated to resume the day after the holiday, with banking institutions, stock exchanges, and similar services expected to follow suit.
In the Islamic calendar, this closure signifies an important day of religious importance when Muslims worldwide remember the life and lessons of the Prophet Muhammad (Sallallahu Alayhi Wa-Sallam).
