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The State Bank of Pakistan (SBP) announced on Wednesday a five-day holiday on account of Eid-ul-Fitr.

“The State Bank of Pakistan will remain closed from 21st to 25th April 2023 (Friday to Tuesday) on the occasion of Eid-ul-Fitr,” said a statement issued by the central bank. This conincides with the federal government’s announcement of Eid holidays.

Earlier, the Pakistan Stock Exchange (PSX) also announced market closure from April 21 to April 25.

In a notification on Monday, the PSX said “all TRE Certificate Holders, staff and concerned are hereby informed that PSX shall remain closed from Friday, April 21, 2023 till Tuesday, April 25, 2023 on account of Eid-ul-Fitr holidays.”

Last week, the federal government announced a five-day-long holiday as well, approved on the recommendation of the Cabinet Division.

Ruet-e-Hilal Research Council Secretary General Khalid Ijaz Mufti has said that Eid will most likely be celebrated on April 22 after completing 30 days of the holy month of Ramazan.

Comments

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K Khan Apr 19, 2023 03:42pm
Might as well shut down for a whole week or two. Good for business and economy?
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Bilal Apr 19, 2023 04:01pm
@K Khan, why we immediately start discussing economy whenever banks r given holidays on Eid etc?? R bankers not human?? They don't need to be relaxed once a year?? Will our economy will surpass India economy if we cancel banks eid leaves??
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Tulukan Mairandi Apr 19, 2023 04:28pm
5 days?? No wonder we are in the dumps
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Muhammad Aumair Apr 19, 2023 05:25pm
Good and great
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Muhammad Aumair Apr 19, 2023 05:27pm
@Tulukan Mairandi, no sir why atpma not increase export and black money DLTL scheme misused this is main reason great holiday Eid day
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Maqbool Apr 19, 2023 06:17pm
Very Long holiday is very normal for Rulers who haven’t had to work a day in their lives , remember we even got holiday for cricket matches . Our government paid people feel it is right to have long holidays . But remember that seeing the moon on a Friday is not a religious decision but a political one, let’s see if that results in an additional holiday or a change of government
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Uji Apr 19, 2023 10:11pm
Han bas state bank ki chotia hony py to economy ka Bera gark Hoga or Jo chor chakky hakomat lot ray mulk ko us ka kuch nae hy sab bakwas tamasha lgaya howa hy zalil Hain sab k sab itni timing hy bank ki isko Kam kardy mulk ki economy ny to kharb e rehna hy Awam ka bhala ho
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