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Banks to Remain Closed for 3 Consecutive Days

The State Bank of Pakistan (SBP) announced that it will remain closed on Monday, December 25, 2023, on account of Quaid-e-Azam Day and Christmas.

“The State Bank of Pakistan will remain closed on December 25, 2023 (Monday) being a public holiday on the occasions of Quaid-e-Azam Day and Christmas, as declared by the Government of Pakistan,” the central bank said in a circular today.

Commercial banks will also remain closed on the occasion. Consequently, banks will remain closed for 3 consecutive days; the State Bank of Pakistan (SBP) has announced that it will remain closed on Monday, December 25, 2023, in observance of Quaid-e-Azam Day and Christmas, as declared by the Government of Pakistan. 

This means that commercial banks will also be closed on that day. As a result, banks will remain closed for three consecutive days, from Saturday to Monday. The Pakistan Stock Exchange (PSX) has also announced that it will be closed on December 25 for the same reasons. The Cabinet Division releases a list of all public holidays throughout the year, and according to the list, December 25 will be observed as a public holiday across the country. i.e., Saturday, Sunday, and Monday.

Besides SBP, the Pakistan Stock Exchange (PSX) announced yesterday that it will remain closed on December 25 due to reasons shared above.

The Cabinet Division releases a list of all public holidays throughout the year. According to the list, December 25 will be observed as a public holiday across the country.

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