KARACHI – Banks in Pakistan will be closed on Tuesday, September 17, 2024, as the State Bank of Pakistan (SBP) announced a holiday to observe Eid Milad-un-Nabi (SAW). This occasion celebrates the birth of Prophet Muhammad (PBUH).

The SBP stated that financial services will be impacted nationwide, with normal banking operations resuming on Wednesday, September 18, 2024. Bank users are encouraged to plan their transactions to avoid inconveniences due to the mid-week holiday.

Eid Milad-un-Nabi is widely observed throughout Pakistan with religious events and public gatherings, and it is recognized as a national holiday.

Financial institutions, stock exchanges, and other related services are expected to follow the SBP’s lead and remain closed for the day, resuming regular business the next day.

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