State Bank of Pakistan Announces Public Holiday on 25 December

The State Bank of Pakistan (SBP) has officially confirmed that all banks across the nation will remain closed on Wednesday, December 25, 2024.

This announcement confirms the widely anticipated public holiday commemorating both Quaid-e-Azam Day and Christmas. The SBP’s statement provides formal confirmation for financial institutions and the public alike, allowing for necessary arrangements to be made in observance of the day.

The closure aligns with the public holiday declaration issued by the Government of Pakistan.

This unified announcement ensures that both the governmental and financial sectors will observe the national holiday. The decision to close the banks reflects the significance of December 25th, a day that holds dual importance in Pakistan’s national calendar.

Quaid-e-Azam Day marks the birth anniversary of Muhammad Ali Jinnah, the founder of Pakistan. It is a day of national remembrance and reflection on his vision and leadership. Simultaneously, December 25th is celebrated globally as Christmas Day by the Christian community, a significant religious holiday. Recognizing both occasions with a public holiday underscores the inclusivity and respect for diverse communities within Pakistan.

The official statement from the State Bank of Pakistan serves as the definitive confirmation for all banking operations. This means that all branches of commercial banks, development finance institutions, and microfinance banks will be closed for public dealing on this day.

Customers are advised to plan their banking transactions accordingly, taking into account the upcoming holiday. While digital banking channels and ATM services may remain operational, physical branch services will be unavailable.

This announcement from the SBP brings clarity following earlier periods of anticipation regarding the official confirmation of the public holiday. With the central bank’s directive now in place, individuals and businesses can finalize their schedules for the day, preparing to commemorate both Quaid-e-Azam Day and Christmas.