Banks in Pakistan will remain closed on the first Ramadan.
The commercial banks in Pakistan will remain closed on the first of Ramadan as the State Bank of Pakistan announced a bank holiday for the deduction of Zakat on Friday.
“The State Bank of Pakistan will remain closed for public dealing on 1st Ramadan-ul-Mubarak, 1445 A.H., which shall be observed as ‘Bank Holiday’ for deduction of Zakat,” the central bank said in a statement.
“All banks, development finance institutions (DFIs), and microfinance banks (MFBs) will remain closed for public dealing on the first Ramadan in Pakistan.”
“However, all employees of the banks / DFIs / MFBs will attend the office on Bank Holiday treating it as a normal working day (except for public dealing),” the SBP stated.
The first of Ramadan is expected to fall on March 12, this year, subject to the appearance of the moon.
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