The State Bank of Pakistan has officially announced that all banks, development financial institutions, and microfinance banks across the country will remain closed on 1st January 2025. This closure marks the celebration of the New Year and is in line with the usual practice of observing public holidays on significant occasions.
Details of the Bank Holiday Announcement
In a statement released by the State Bank of Pakistan, it was confirmed that Wednesday, 1st January 2025, will be a bank holiday. On this day, all banks, including development financial institutions and microfinance banks, will not engage in any public transactions. This holiday allows bank staff a break, while maintaining the standard holiday observance across financial institutions nationwide.
Important Notes for the Public
It is important to note that while the banks will be closed for public transactions, all employees of banks, development financial institutions, and microfinance banks are required to report to their respective offices as usual. This ensures that internal operations and other non-public facing tasks continue seamlessly.
Why the Bank Holiday Matters
The 1st of January is celebrated worldwide as the beginning of the New Year, and Pakistan joins in marking this occasion with a national holiday for the banking sector. As customers prepare for the holiday season, it’s important to plan any bank-related activities, such as withdrawals or financial transactions, in advance of the closure.
For those requiring banking services, it is advised to visit the bank before the 1st of January, as regular services will resume on the following business day.
Stay informed about further updates and announcements by checking with your local bank or the State Bank of Pakistan.
