Regulatory Alerts2026-02-17 | BPRD Circular Letter No. 04State Bank of Pakistan Bank Holiday for Zakat Deduction
The State Bank of Pakistan has declared a bank holiday on 1st Ramadan-ul-Mubarak, 1447 A.H., to facilitate Zakat deductions. All banks, development finance institutions, and microfinance banks must remain closed for public dealing on this date. Internal operations continue normally, with staff attending work as on a standard business day.
Circulars/Notifications - Banking Policy & Regulations Department
BPRD Circular Letter No. 04
February 17, 2026
The Presidents / Chief Executives All Banks / DFIs / MFBs
Dear Sir/Madam,
BANK HOLIDAY
The State Bank of Pakistan will remain closed for public dealing on 1st Ramadan-ul-Mubarak, 1447 A.H. , which shall be observed as “Bank Holiday” for the purpose of deduction of Zakat.
All banks / DFIs / MFBs shall, therefore, remain closed for public dealing on the afore-mentioned date. However, all employees of the banks / DFIs / MFBs will attend the office on Bank Holiday treating it as a normal working day (except for public dealing).
Yours truly ,
Sd/-
(MUHAMMAD ASAD AKBAR)
Joint Director