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Banks to Remain Closed on January 2

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5 min read
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Legal Editorial Desk
Banks to Remain Closed on January 2
The State Bank of Pakistan (SBP) and other banks will remain closed for public dealing on Monday, January 2, 2023, which will be observed as a ‘Bank Holiday’. All banks/DFIs/MFBs will remain closed to the public. The employees of all these institutions will carry out their official assignments (in-office or work-from-home, as designated under the current protocols) on the Bank Holiday, which will be observed as a working day (except for public dealing). According to an announcement by the central bank, the central bank will be closed “for public dealing on Monday, January 2, 2023, which will be observed as ‘Bank Holiday’”. The statement continued, “All banks/ DFIs/ MFBs shall, therefore, remain closed for public dealing on the aforementioned date. However, employees of the banks/ DFIs/ MFBs will attend the office as usual”.
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Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.

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