Banks to remain closed on May 1 on account of Labour Day
State Bank of Pakistan notifies bank holiday on May 1, 2024
Banks across the country will remain closed on May 1, 2024 (Wednesday) on account of Labour Day, the State Bank of Pakistan (SBP) announced on Monday.
A brief notification issued by the central bank stated that May 1 has been notified as public holiday by the government of Pakistan.
"The State Bank of Pakistan will remain closed on May 1, 2024 (Wednesday) being public holiday on the occasion of Labour Day, as declared by the Government of Pakistan," the notification read.
The world celebrates Labour Day — also known as May Day — every year on May 1 to express solidarity with the labourers and honour the rights of the working class.
The day also celebrates the work and achievements of labourers across the globe. The purpose of celebrating this day is to initiate steps for providing job protection to labourers and industrial workers against any exploitation.