SBP to remain closed on May 28

The State Bank of Pakistan has announced a holiday on May 28, 2025, to observe Youm-e-Takbeer, marking the day when Pakistan became a nuclear power in 1998.

According to the notification from the State Bank, following the Government of Pakistan's decision, all offices and branches will remain closed on Wednesday, May 28, in observance of the national holiday.

Meanwhile, the Pakistan Stock Exchange (PSX) has also announced that it will remain closed in observance of the holiday.

May 28 is officially recognised as a gazetted holiday nationwide to celebrate the 1998 achievement that saw Pakistan emerged as the first Muslim-majority country to acquire nuclear capabilities, marking a pivotal moment in its history.

Read More: Youm-e-Takbeer: Nation’s ‘unwavering determination’ lauded

This achievement was a response to the regional security dynamics and ensured that Pakistan's defence capabilities were robust as well as credible.