SBP announces bank holiday on September 17 for Eid Miladun Nabi

State Bank of Pakistan announced it will remain closed on September 17 for the holiday of Eid Milad-un-Nabi.

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The State Bank of Pakistan (SBP) will remain closed on Tuesday, September 17, 2024, in observance of Eid Milad-un-Nabi, the birth anniversary of the Prophet Muhammad (Sallallahu Alayhi Wa-Sallam).

The holiday falls on 12th Rabi-ul-Awwal, 1446 A.H., and the bank’s closure will impact financial transactions across the country.

The SBP announced the closure in a brief statement, noting that operations will resume on Wednesday, September 18.

The holiday is widely celebrated in Pakistan with public gatherings and religious processions, and the government observes it as a national holiday.

Financial institutions, stock exchanges, and related services are expected to follow suit, with normal business operations likely to resume the day after the holiday.

This closure marks a significant day of religious importance in the Islamic calendar, as Muslims around the world commemorate the life and teachings of the Prophet Muhammad (Sallallahu Alayhi Wa-Sallam).

The State Bank urged customers and businesses to plan their transactions accordingly in light of the one-day closure.