The State Bank of Pakistan (SBP) has officially declared a bank holiday on 1st Ramadan-ul-Mubarak 1447 A.H. for the annual deduction of Zakat. On this day, all banks across Pakistan will suspend public dealings.
The decision applies to:
-
Public sector banks
-
Private commercial banks
-
Development Finance Institutions (DFIs)
-
Microfinance banks
However, bank staff will report to work as usual. The holiday only affects customer services and over-the-counter transactions.
Why Is There a Bank Holiday on 1st Ramadan?
Every year, banks close for public dealing on the first day of Ramadan to process mandatory Zakat deductions under Pakistan’s Zakat and Ushr Ordinance.
This administrative closure allows financial institutions to:
-
Deduct Zakat from eligible savings accounts
-
Update internal banking records
-
Ensure compliance with Islamic financial regulations
What Will Remain Open?
While branch counters will remain closed for customers:
-
Bank employees will attend offices
-
Internal operations will continue
-
ATMs and digital banking services are expected to function normally
Customers are advised to complete urgent transactions before the Ramadan bank holiday.
When Is 1st Ramadan 2026 in Pakistan?
Ramadan 2026 is expected to begin on February 19 or 20, subject to moon sighting confirmation by the Central Ruet-e-Hilal Committee. The official bank holiday will be observed on the confirmed first day of Ramadan.
Quick Summary
| Detail | Information |
|---|---|
| Authority | State Bank of Pakistan |
| Occasion | Zakat Deduction |
| Public Dealing | Closed |
| Staff Attendance | Yes |
| Applies To | All banks & DFIs nationwide |
Important Advice for Customers
-
Plan cash withdrawals in advance
-
Use online banking for urgent transfers
-
Avoid branch visits on 1st Ramadan
The annual Ramadan bank holiday ensures smooth Zakat processing while maintaining internal banking operations across Pakistan.
