State Bank Announced Bank Holiday Today on May 17, 2018 (1st Ramazan 1439 AH)
Today State bank of Pakistan (SBP) has announced the bank holiday. Today is first Ramazan ul Mubarak 1439 AH. This is start of Fasting month of Islamic calendar. Baks will deduct “Zakaat” today from the all accounts having more than 39000 of balance.
Following press release has been issued yesterday on May 16, 2018.
The State Bank of Pakistan will remain closed for public dealings on 1st Ramadan-ul-Mubarak 1439
A.H., which will be observed as ‘Bank Holiday’; for the purpose of deduction of Zakat.
All banks/Development Finance Institutions (DFIs)/Mircofinance Bank (MFBs) shall, therefore, remain
closed for public dealing on 1st Ramadan-ul-Mubarak 1439 A.H. However, all employees of the
banks/DFIs/MFBs will attend the office on Bank Holiday treating it as normal working day (except for