Regulatory Alerts2025-02-28 | BPRD Circular Letter No. 05State Bank of Pakistan Bank Holiday on March 3, 2025
The State Bank of Pakistan has declared a bank holiday for all banks, development finance institutions, and microfinance banks on Monday, March 3, 2025. The closure specifically suspends public dealing to facilitate the deduction of Zakat in accordance with Ministry of Poverty Alleviation & Social Safety instructions. Internal staff will continue normal working hours during the holiday, with operations resuming for public transactions on the following business day.
Circulars/Notifications - Banking Policy & Regulations Department
BPRD Circular Letter No. 05 of 2025
February 28, 2025
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 Monday, March 3, 2025 , which shall be observed as “Bank Holiday” for the purpose of deduction of Zakat in accordance with instructions contained in Notification issued by the Ministry of Poverty Alleviation & Social Safety, Government of Pakistan, Islamabad circulated vide BPRD Circular Letter No. 04 dated February 27, 2025.
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/-
(Syed Imran Ali)
Additional Director