The State Bank of Pakistan (SBP) has declared that it will be closed on Wednesday, 1st May 2024, in observance of Labour Day, according to an official circular released by the regulator.
In the circular, the SBP stated, “The State Bank of Pakistan will remain closed on May 1, 2024 (Wednesday) being a public holiday on the occasion of Labour Day, as declared by the Government of Pakistan.”
Following suit, commercial banks across the country will also observe the public holiday and remain closed on Labour Day.
In addition, the Pakistan Stock Exchange (PSX) has announced that it will not be operational on Wednesday this week.
A notice from the PSX stated,
“All concerned are hereby informed that Pakistan Stock Exchange Limited will remain closed on Wednesday, May 1, 2024 being a public holiday declared by the Government of Pakistan on the occasion of Labour Day.”
These closures are in accordance with the public holiday declared by the Government of Pakistan to honor Labour Day.