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Banks to remain closed on April 4

MM News Staff by MM News Staff
March 30, 2022
SBP grants in-principle approval to 5 digital retail banks

SBP grants in-principle approval to 5 digital retail banks

KARACHI: All banks, including the State Bank of Pakistan (SBP), will remain closed on April 4 (Monday).

According to a statement issued by the central bank, the SBP will remain closed for public dealing on Monday (April 4, 2022), “which shall be observed as Bank Holiday for the purpose of deduction of Zakat.”

It further said that all banks, development finance institutions (DFIs), Microfinance Banks (MFBs) shall, therefore, remain closed for public dealing on the afore-mentioned date. 

“However, all employees of the banks, DFIs, MFBs will attend the office on Bank Holiday treating it as a normal working day (except for public dealing),” the statement read.

Read more: First fast to be observed on April 3

Pakistan Meteorological Department (PMD) has predicted the start of fasting in the country.

According to the details, the PMD said that in case of sighting of the moon on April 2, the first fast in Pakistan could be on Sunday, April 3.

According to the Meteorological Department, the month of Sha’ban will have 29 days and according to 29 Sha’ban, there is a clear possibility of seeing the moon of Ramzan on April 2.

 
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