The State Bank of Pakistan (SBP) has officially announced that it will remain closed on Saturday and Sunday, July 5 and 6, 2025, in observance of Ashura, which marks the 9th and 10th of Muharram 1447 A.H. This closure aligns with the national public holidays declared across Pakistan to commemorate this significant occasion in the Islamic calendar.
According to a circular issued by the central bank, “The State Bank of Pakistan will remain closed on July 05 and 06, 2025 (Saturday & Sunday) being public holidays on the occasion of Ashura (9th and 10th Moharram 1447 A.H.).” The directive is part of the broader holiday notifications coordinated with the federal government and reflects the importance of these days for millions of Pakistanis.
Ashura, observed annually on the 10th day of Muharram, carries deep religious and historical significance. It is a day of remembrance for Muslims worldwide, particularly for commemorating the martyrdom of Hazrat Imam Hussain (R.A), the grandson of Prophet Muhammad (PBUH), at the Battle of Karbala. Across Pakistan, the day is marked by solemn processions, religious gatherings, and various community activities reflecting on themes of sacrifice, justice, and standing up against oppression.
For Pakistan’s banking and financial sector, the closure of the central bank means that key regulatory operations and interbank settlements will also be paused over these two days. Commercial banks typically adjust their schedules in line with SBP notifications, ensuring that customers and businesses are informed in advance to avoid disruptions in financial planning, especially for large transactions and time-sensitive banking needs.
Digital banking services such as mobile apps, internet banking, and ATM networks, however, are expected to remain operational, providing customers with continued access to routine banking transactions like funds transfers, bill payments, and balance inquiries. Many banks have already begun issuing customer advisories to encourage the use of digital channels during the Ashura holidays.
This announcement from the SBP is consistent with the annual practice of providing clear notice ahead of major religious and national events. It allows businesses, traders, and ordinary account holders to plan their transactions and manage their cash flows without last-minute surprises.
For the wider financial ecosystem, these two days offer a brief pause. Financial markets, including the Pakistan Stock Exchange (PSX), are also expected to remain closed in observance of the national holidays.
As Pakistan continues to expand its digital payments infrastructure and more citizens adopt app-based banking solutions, short-term closures like these have become less disruptive than in past decades. Still, they remain an important part of honoring cultural and religious practices that are deeply woven into the nation’s social fabric.
Looking ahead, normal banking operations are scheduled to resume on Monday, July 7, 2025. Customers planning significant transactions or requiring branch-based services are advised to complete them before the Ashura holidays to ensure smooth processing.