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Banks to Remain Closed for 3 Consecutive Days Again ( State Bank of Pakistan )

Banks to Remain Closed for 3 Consecutive Days Again ( State Bank of Pakistan )

The State Bank of Pakistan (SBP) has officially declared that it will be closed on Monday, February 5, 2024, in observance of Kashmir Day. This decision aligns with the public holiday declared by the Government of Pakistan. As stated in a circular released by the central bank, this closure extends to commercial banks as well. Consequently, the banking sector will experience a three-day closure, spanning from Saturday through Monday.

In recognition of Kashmir Day, the State Bank of Pakistan (SBP) has made an announcement, indicating that it will not be operational on Monday, February 5, 2024. This decision is in accordance with the public holiday declared by the Government of Pakistan to honor Kashmir Day. The circular issued by the central bank also extends this closure to commercial banks, resulting in a three-day hiatus that includes Saturday, Sunday, and Monday.

On account of Kashmir Day, the State Bank of Pakistan (SBP) has disclosed its closure on Monday, February 5, 2024. This aligns with the public holiday declared by the Government of Pakistan, and commercial banks will also be closed on this occasion. The three-day closure encompasses Saturday, Sunday, and Monday, allowing both the central bank and commercial banks to observe the significance of Kashmir Day as designated by the government.

In observance of Kashmir Day, the State Bank of Pakistan (SBP) has officially announced its closure on Monday, February 5, 2024. This decision is in line with the public holiday declared by the Government of Pakistan. The circular released by the central bank emphasizes that commercial banks will also be closed, resulting in a three-day hiatus starting from Saturday and extending through Monday.

The Cabinet Division has issued a comprehensive list outlining all public holidays scheduled throughout the year. As per the provided information, February 5th has been designated as a nationwide public holiday.

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