The State Bank of Pakistan (SBP) has declared a nationwide bank holiday on May 1, 2024, in honor of Labour Day. This move aligns with the government’s decision to designate May 1 as a public holiday.
The SBP’s announcement ensures that all banks across the country will cease operations for a day to pay tribute to the global workforce. This gesture is in line with the worldwide recognition of May Day, an annual event that celebrates the contributions and achievements of workers.
Labour Day serves as a significant reminder of the importance of safeguarding workers’ rights and promoting job security. It’s a day dedicated to acknowledging the relentless efforts of laborers and industrial workers, and to stand against any form of exploitation.
This day of solidarity underscores Pakistan’s commitment to its workforce and the global working class. It’s a testament to the country’s dedication to ensuring a fair and equitable work environment for all.