Bank holiday on first Ramazan


KARACHI: All banks,Development Financial Institutions (DFIs) and Microfinance Banks (MFBs) will remain close on May 17, 2018- the first day of Ramadan ul Mubarak for public dealing due to deduction of Zakat.
A statement issued by the State Bank of Pakistan (SBP) on Wednesday said that the SBP will remain closed for public dealings on 1st Ramadan-ul-Mubarak 1439 A.H., which will be observed as ‘Bank Holiday’; for the purpose of deduction of Zakat.
All banks/Development Finance Institutions (DFIs)/Mircofinance Bank (MFBs) shall, therefore, remain closed for public dealing on 1st Ramadan-ul-Mubarak 1439 A.H. However, all employees of the banks/DFIs/MFBs will attend the office on Bank Holiday treating it as normal working day (except for public dealings).