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The State Bank of Pakistan (SBP) has announced that it will remain closed for public dealing on Tuesday, July 1, 2025, in observance of the first day of the new fiscal year 2025–26. The day will be treated as a bank holiday, a customary practice to allow financial institutions to close their books for the previous fiscal year and transition into the new one.
All Banks to Remain Closed for Public Dealing
In accordance with SBP’s directive, all commercial banks, Development Finance Institutions (DFIs), and Microfinance Banks (MFBs) across the country will also be closed for public dealing on the same day. The notification applies nationwide and affects all branches involved in customer-facing services.
The SBP clarified in its statement:
“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.”
Employees to Report for Duty
Although public dealing will be suspended, bank employees will still be required to attend office as per regular working hours. This internal working day allows institutions to finalize financial statements, reconcile accounts, and ensure operational readiness for the new fiscal year.
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Such closures are standard practice at the start of each fiscal year in Pakistan and are meant to facilitate year-end financial and administrative procedures.
Background: Fiscal Year 2025–26 Begins
The bank holiday aligns with the official beginning of Pakistan’s fiscal year 2025–26, a critical time for budget implementation, financial reporting, and auditing activities. It is a crucial period for the banking and finance sectors, which play a pivotal role in implementing government financial policies and facilitating economic activity.
Normal Operations to Resume July 2
Public-facing operations at all banks and financial institutions will resume as usual from Wednesday, July 2, 2025. Customers are advised to plan their banking transactions accordingly and utilize digital banking platforms where available for urgent needs.
