The State Bank of Pakistan (SBP) has announced that all banks across the country will remain closed for public dealing on July 1, 2026. The closure will be observed as the annual bank holiday that marks the beginning of the new fiscal year.
In an official circular, SBP confirmed that it will not conduct public dealing on Wednesday, July 1. The annual bank holiday is observed every year and allows financial institutions to complete important administrative and financial procedures related to the start of a new fiscal cycle.
According to the SBP notification, all banks, Development Finance Institutions (DFIs), and Microfinance Banks (MFBs) will also remain closed for customer services on the same day. As a result, customers will not be able to access over-the-counter banking services at branches nationwide.
The central bank clarified that the closure applies specifically to public dealing. Financial institutions are expected to follow the instructions issued by the regulator regarding operations on the bank holiday.
The annual observance is an important part of the banking calendar. It gives institutions time to finalize financial records, complete accounting processes, and prepare systems for the new fiscal year. These activities help ensure a smooth transition into the next financial period.
Customers who need branch-based banking services have been advised to plan their transactions in advance. Individuals and businesses may complete urgent banking matters before the holiday to avoid delays.
Although bank branches will not serve customers on July 1, digital banking services are expected to remain available. Most banks are likely to continue offering access to online banking platforms, mobile banking applications, ATMs, and digital payment services during the holiday period.
The announcement comes as Pakistan enters Fiscal Year 2027. Financial institutions across the country are preparing for new budgets, operational targets, and regulatory requirements associated with the start of the financial year.
SBP regularly issues notifications regarding public dealing schedules and bank holidays. These announcements help customers, businesses, and financial institutions make necessary arrangements ahead of service interruptions.
The central bank also recently announced that its first monetary policy decision for FY27 is scheduled to be revealed later in July. Market participants will closely monitor upcoming economic developments and policy decisions during the new fiscal year.
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Following the bank holiday, banks, DFIs, and MFBs are expected to resume normal public dealing on the next working day. Customers are encouraged to stay informed through official updates issued by SBP and their respective financial institutions.
