The State Bank of Pakistan (SBP) has officially announced that all commercial banks, microfinance banks (MFBs), development banks (DBs), and development finance institutions (DFIs) will remain closed from March 31 to April 2, 2025, in observance of the Eid-ul-Fitr public holidays. The notification, issued under the BPRD Circular Letter No. 09 of 2025, marks the official closure of the banking sector during these three days.
The public holiday period, which spans from Monday, March 31, 2025, through Wednesday, April 2, 2025, has been declared in line with the annual celebration of Eid-ul-Fitr, one of the most significant Islamic festivals marking the end of Ramadan. As is customary, the State Bank of Pakistan’s directive ensures that financial institutions across the country will not conduct banking operations during this period, providing an extended break for both banking staff and customers.
This holiday announcement provides clarity for individuals and businesses planning their financial activities during this time. Banks and financial institutions are expected to resume normal operations on Thursday, April 3, 2025. The closure of the banking system for this three-day period will have implications for transactions, including deposits, withdrawals, and other banking services that typically require in-person or electronic interactions.
The SBP’s advance notice gives customers ample time to plan their financial activities in the lead-up to the public holidays. Individuals who need to complete urgent transactions, such as bill payments or fund transfers, are encouraged to do so ahead of the holiday period to avoid delays. Additionally, customers who rely on in-branch services are advised to complete their banking requirements before the holiday break to ensure that they are not impacted by the temporary closure of financial institutions.
In line with SBP’s circular, the public holiday period is a part of the broader observance of Eid-ul-Fitr, which is a time for family gatherings, celebrations, and religious observance across Pakistan. Financial institutions, such as banks and DFIs, will take a break from regular business to mark this occasion, offering their staff a well-deserved rest.
For businesses and individuals dependent on financial services, the SBP’s notification serves as an important reminder to plan their banking activities accordingly. This is particularly crucial for businesses that deal with international transactions or have deadlines during the holiday period. They may need to make arrangements in advance to ensure that their operations are not disrupted.
The SBP’s announcement of Eid-ul-Fitr holidays also aligns with the global practice of recognizing cultural and religious holidays, ensuring that the banking system operates in harmony with the country’s religious calendar. The decision further reflects the central bank’s efforts to maintain transparency and communication with financial institutions and the general public.
As Pakistan approaches the Eid-ul-Fitr holidays, customers are encouraged to utilize digital banking services for any urgent financial transactions that may arise during the closure. Online and mobile banking platforms typically remain accessible during public holidays, providing an alternative for individuals who need to access banking services during the three-day break.
In conclusion, the State Bank of Pakistan’s declaration of public holidays from March 31 to April 2, 2025, provides important guidance for individuals and businesses, allowing them to prepare for the temporary closure of financial institutions during the Eid-ul-Fitr celebrations. As always, customers are advised to plan their financial activities in advance and make use of digital banking options where necessary to ensure smooth financial operations during this holiday period.