The State Bank of Pakistan (SBP) has confirmed that it will remain closed on Thursday, November 9. The closure is in observance of Allama Iqbal Day, a public holiday declared by the Government of Pakistan.
The federal government had previously announced last week that a public holiday would be observed on Allama Iqbal Day, which falls on November 9. In line with this declaration, not only the State Bank but also commercial banks across the country will remain closed on this day. The Cabinet Division had issued a notification confirming the nationwide observance of the public holiday on Allama Iqbal Day.
Allama Iqbal Day is celebrated annually to honor the birth of Sir Muhammad Iqbal, a philosopher, poet, and politician in British India who is widely regarded as having inspired the Pakistan Movement. He is considered one of the most important figures in Urdu literature, with literary work in both the Urdu and Persian languages.
Bank customers are advised to complete any necessary transactions ahead of the public holiday to avoid any inconvenience. Normal banking operations will resume on the following day, Friday, November 10.
This closure aligns with the government’s commitment to honoring national heroes and observing dates in the country’s history. It also reflects the respect and reverence that the nation holds for Allama Iqbal, whose contributions to the country’s formation are invaluable.