ISLAMABAD (Dunya News) – The State Bank of Pakistan has declared that all banks, including private, public, development finance institutions, and microfinance banks, will remain closed for public transactions on the first day of Ramazan, corresponding to 1447 Hijri.
According to the official notification, the closure is due to the annual Zakat deduction process.
Bank employees will report to work as usual, but services involving public financial transactions will be suspended for the day.
The announcement comes ahead of the Central Ru’yat-e-Hilal Committee meeting in Peshawar on Wednesday, which will determine the sighting of the Ramazan moon.
Zonal committees across the country will submit their moon sighting reports along with evidence to the central committee, which will then make an official announcement.