Banks to remain closed on Feb 5 on account of Kashmir Day

The banks across the country will remain closed on February 5 (Monday) on account of Kashmir Day, the State Bank of Pakistan (SBP) announced on Wednesday.

"The State Bank of Pakistan will remain closed on 5th February, 2024 (Monday) being a public holiday on the occasion of ‘Kashmir Day’ as declared by the Government of Pakistan," a statement issued by the central bank read.

Pakistan observes Kashmir Day every year on February 5 to commemorate the plight and sacrifices of Kashmiris in the Indian Illegally Occupied Jammu and Kashmir (IIOJK). 

The federal government last week announced February 5 as a national holiday throughout the country, with the Cabinet Division's decision to observe a one-minute silence at 10am on this day.

Earlier today, Sindh government also issued a notification for the observance of Kashmir Day.

The nation conveys a message of solidarity and support to the people of the Indian-occupied valley.

The Kashmir issue remains a flash point between Pakistan and India, with Islamabad constantly urging the world to hold a plebiscite on the disputed territory.

The conflict prompted global outrage after Indian Prime Minister Narendra Modi's unilateral decision to revoke Article 370 of the Indian Constitution that granted special status to the IIOJK on August 5, 2019.

Pakistan has also maintained that ties with the nuclear neighbour would not normalise until Kashmir’s special status is restored.