KARACHI: The State Bank of Pakistan (SBP) and all the commercial banks will remain closed for public dealing on Labour Day — May 1, according to the central bank.
Taking to Twitter, the central bank said: “#SBP will remain closed on May 1, 2023 on the occasion of #LabourDay.” Besides all banks, development finance institutions (DFIs), and microfinance banks (MFBs) will also remain closed for public dealing on the said day.
The world celebrates Labour Day every year on May 1 to express solidarity with the labourers and honour the rights of the working class. The purpose of celebrating this day is to initiate steps to provide job protection to labourers and industrial workers against any exploitation.
Earlier on Thursday, the Sindh government announced May 1 as a public holiday on account of Labour Day. A notification was issued by the Sindh chief secretary in this regard, which said all government offices, autonomous and semi-autonomous bodies will remain closed on May 1, which falls on Monday.
