Tuesday, May 28, 2024

Banks to remain closed on first Ramadan in Pakistan

The State Bank of Pakistan has announced a bank holiday for the deduction of Zakat on the first day of Ramadan-ul-Mubarak, 1445 A.H.

In a statement issued on Friday, the central bank declared that all commercial banks, development finance institutions (DFIs), and microfinance banks (MFBs) in Pakistan will remain closed for public dealing on the first day of Ramadan.

- Advertisement -

While banks will be closed for public dealings, all employees of these institutions are required to attend the office as usual, treating the bank holiday as a normal working day.

This decision aims to facilitate the deduction of Zakat from bank accounts in accordance with Islamic principles during the holy month of Ramadan.

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

For the most recent updates, don't forget to follow us on Twitter @Headline_pk. You can also find us on Facebook, Instagram, and YouTube.



Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

Latest stories


Highlights of the Week

RDA Intensifies Crackdown on Illegal Housing Schemes in Rawalpindi

The Rawalpindi Development Authority (RDA) has escalated its ongoing...

Engro Fertilizers Recognized Internationally with IFA Green Leaf Award 2024 for Safety and Sustainability

Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, has been...

Jamat-e-Islami member seeks action against KE CEO

Mohammad Farooq, a member of the Sindh Assembly representing...

IT Minister Approves Rs. 4.7 Billion Funds for USF Projects

Minister of State for IT and Telecommunication, Shaza Fatima...