banks sbp psx
|

Banks, SBP and PSX to remain closed for three days

Banks and other financial institutions across Pakistan will observe a three-day closure from August 14 to August 16 in connection with Independence Day and the regular weekend holidays.

According to a circular issued by the State Bank of Pakistan (SBP), the central bank, commercial banks, financial institutions and the Pakistan Stock Exchange (PSX) will remain closed on Friday, August 14, which has been declared a public holiday on account of Independence Day.

The closure will be followed by the regular weekend holidays on Saturday and Sunday, August 15 and 16, respectively. As a result, banking and stock market activities will remain suspended for three consecutive days.

The holiday schedule is expected to affect routine banking operations, including branch-based customer services and other in-person transactions. Customers who need to visit bank branches or carry out services that require physical processing have been advised to plan their transactions accordingly.

However, the closure will not affect digital banking facilities. The SBP said automated teller machines (ATMs), internet banking and other online banking services will continue to operate during the holidays.

Customers will therefore be able to access cash through ATMs and use digital channels for eligible transactions throughout the three-day break.

Regular banking and financial market operations are expected to resume on Monday, August 17, when banks, financial institutions and the stock market reopen after the Independence Day holiday and weekend.

Similar Posts

  • | |

    Nine cops martyred in Hangu terrorist attack

    PESHAWAR: Nine police personnel, including DSP Diyar Khan, were martyred and 28 others injured after terrorists attacked the Khazina Banda police check post in Khyber Pakhtunkhwa’s Hangu district late Wednesday night. According to KP Inspector General Zulfiqar Hameed, the attackers launched a coordinated assault while officers were on duty. Police reinforcements rushed to the scene but came under an ambush, damaging an armoured personnel carrier. Police retaliated strongly, killing 15 terrorists and injuring several others during an intense gun battle. The IG praised the bravery of the officers and vowed that operations against terrorists would continue across the province. In a separate incident, terrorists also attacked a police check post in Peshawar’s Adezai area. Police returned fire, forcing the attackers to flee without causing any casualties. Interior Minister Mohsin Naqvi condemned the Hangu attack, paid tribute to the martyred officers, and expressed condolences to their families. He also briefed President Asif Ali Zardari on the country’s security situation, particularly in Khyber Pakhtunkhwa and Balochistan. The president praised the sacrifices of the security forces and reaffirmed the nation’s commitment to eradicating terrorism.

  • |

    New Delhi marks Pakistan’s Independence Day with zeal

    Pakistan’s 79th Independence Day was celebrated with patriotic spirit at Pakistani diplomatic missions in New Delhi, Dhaka and Tehran. Diplomats, Pakistani communities and local guests participated in the ceremonies. In New Delhi, the Pakistan High Commission organised a special Independence Day ceremony. Chargé d’Affaires Saad Ahmad Waraich attended the event along with officers, staff members and their families. Waraich hoisted the national flag at the Chancery lawn. The national anthem was played after the flag-hoisting ceremony. Messages from President Asif Ali Zardari and Prime Minister Shehbaz Sharif were also read out. In his address, Waraich highlighted the importance of the Two-Nation Theory. He said the creation of Pakistan fulfilled the longstanding desire of Muslims of the subcontinent to determine their own political future. He also paid tribute to the sacrifices made during the Pakistan Movement. Children took part in the New Delhi celebrations. They performed national songs and presented colourful tableaux. Their performances added to the festive atmosphere and reflected their patriotic spirit. Independence Day was also celebrated at the Pakistan High Commission in Dhaka. Pakistan High Commissioner Imran Haider hoisted the national flag. The national anthem was played on the occasion. A large number of Pakistanis living in Bangladesh attended the ceremony. Bangladeshi friends also participated. Students, journalists and representatives of civil society were among the guests. Messages from President Asif Ali Zardari, Prime Minister Shehbaz Sharif and Deputy Prime Minister and Foreign Minister Ishaq Dar were read out during the Dhaka ceremony. The messages highlighted Pakistan’s national progress, unity and commitment to peace. The high commission also organised an essay-writing competition for Bangladeshi students. The competition was titled “Historical Places of Pakistan”. Prizes and certificates were distributed among the students who participated in the activity. Meanwhile, Pakistan’s Independence Day was marked at Pakistan House in Tehran. A flag-hoisting ceremony was held in the Iranian capital. A large number of members of the Pakistani community attended the event. The national flag was hoisted during the ceremony. Participants also celebrated the occasion by cutting a cake. The atmosphere reflected the community’s enthusiasm for Pakistan’s Independence Day. The Pakistani ambassador in Tehran read out the messages of the President and Prime Minister. He also highlighted the contribution of the Pakistani community to relations between Pakistan and Iran. The ambassador said the Pakistani community was playing an important role in strengthening people-to-people ties between the two countries. He said Pakistan and Iran were committed to increasing bilateral trade to $10 billion.

  • | |

    Karachi braces for drizzle as humidity persists

    KARACHI: Karachi is expected to experience partly cloudy and humid weather over the next 24 hours, with the Meteorological Department forecasting a possibility of light drizzle in the city tonight. Temperatures are likely to remain between 32 and 34 degrees Celsius during the day, while the minimum temperature recorded over the past 24 hours was 27.5°C. The weather is expected to remain humid as sea breezes continue to sweep across the city from the southwest at around 15 kilometres per hour. The humidity level has been recorded at 75 per cent. Residents may experience some relief from the persistent heat if the forecast drizzle occurs, although the overall weather is expected to remain warm and humid.

  • | |

    Shehbaz govt outlasts political forecasts

    ISLAMABAD: More than two years after Prime Minister Shehbaz Sharif’s coalition government took office, repeated predictions about its imminent collapse have yet to materialize, even as fresh deadlines continue to dominate Pakistan’s political debate. Since the Pakistan Muslim League-Nawaz (PML-N)-led coalition assumed power following the February 2024 general elections, political commentators, television analysts, and social media personalities have frequently forecast the government’s downfall. The expected timelines have varied—from 90 days to six months and beyond—but each prediction has ultimately passed without bringing the anticipated political change. Over time, different events have been presented as potential turning points, including IMF reviews, the federal budget, economic challenges, coalition disagreements, opposition campaigns, and speculation surrounding Pakistan’s political establishment. As one deadline expired, another quickly emerged, keeping the narrative alive despite the government’s continued survival. The latest claim suggests the government has been given six months to create new provinces. However, constitutional experts argue that such a proposal is highly unlikely within that timeframe. Under Pakistan’s Constitution, altering provincial boundaries requires a constitutional amendment approved by a two-thirds majority in both houses of Parliament as well as the consent of the relevant provincial assembly. Given the current political landscape and the absence of broad political consensus, analysts believe such a move faces significant constitutional and political hurdles. Political observers note that earlier forecasts were largely driven by concerns that the coalition lacked the strength to withstand inflation, IMF-linked reforms, and mounting economic pressures. Yet the government has managed to navigate successive economic and political challenges, prompting critics to repeatedly revise their predictions rather than abandon them. Speculation has also been fueled by statements from several political figures and commentators who have periodically hinted at major political developments or institutional changes. Although such claims have often generated widespread public discussion, none of the predicted political upheavals have occurred. In recent weeks, the Pakistan Peoples Party (PPP) has intensified its criticism of the federal government, particularly amid growing tensions with its coalition partner during the Azad Jammu and Kashmir election campaign. While the PPP has adopted a tougher political tone, analysts caution that electoral rhetoric and coalition disagreements do not necessarily signal the immediate collapse of the federal government. Rumors about possible alternatives to the current leadership have also surfaced repeatedly. Claims that a new political figure was being prepared to replace Prime Minister Shehbaz Sharif, along with speculation about the removal of senior cabinet members, have circulated over the past year. However, none of those predictions have been borne out by subsequent developments. Analysts say the recurring cycle of political forecasts reflects a broader trend in Pakistan’s political discourse, where speculation often outpaces reality. While acknowledging that every government faces political and economic challenges, they note that repeated predictions of the coalition’s imminent fall have consistently failed to match events on the ground, leaving each passing deadline followed by yet another countdown.

  • | |

    D4vd’s Apple Music hacked during court hearing

    American singer d4vd’s Apple Music account was reportedly hacked after an unauthorised track appeared on his artist profile while he was attending a preliminary court hearing in the murder case linked to the death of teenager Celeste Rivas Hernandez. The incident quickly drew attention online as fans noticed unusual activity on the singer’s streaming page. According to screenshots obtained by TMZ, d4vd’s Apple Music profile briefly displayed a fake song titled I DID IT…, which had not been officially released by the artist. Fans soon linked the track to an unreleased demo believed to be called Celeste, sparking widespread speculation across social media. Although the demo was never officially released, listeners recognised parts of its lyrics. One of the lines reportedly heard in the leaked track reads, “Oh Celeste, the girl with my name tattooed on her chest.” The appearance of the song during the ongoing court proceedings further fuelled online discussion surrounding the case. The reported hack came as d4vd, whose real name is David Anthony Burke, attended preliminary hearings in Los Angeles Superior Court. Prosecutors are presenting evidence in a case accusing Burke of murdering 13-year-old Celeste Rivas Hernandez, who was found dead in 2025. He has denied the allegations, and the legal proceedings remain ongoing. During the fourth day of hearings on July 24, prosecutors presented text messages exchanged between Burke and Rivas Hernandez in January 2024. The messages reportedly discussed a pregnancy and abortion. According to court records, Rivas Hernandez wrote, “Both of us aren’t able to take care of it.” Burke allegedly replied, “I know but still.” Prosecutors displayed the messages as part of the evidence supporting the case against the singer. Authorities allege that Rivas Hernandez was killed in April 2025 at Burke’s Hollywood Hills home. Her remains were discovered several months later, in September 2025, inside a Tesla registered to the singer. Following an investigation, officials ruled her death a homicide. Burke was arrested on April 17, 2026, nearly a year after investigators concluded that the teenager had been killed on April 23, 2025. He now faces murder charges, and the case continues to move through the court system. The unauthorised upload on his Apple Music profile has added another layer of public attention to an already high-profile legal case, though there is no indication that the singer was connected to the apparent hack. 

  • Warning Issued After Fake Journalists Extort Businesses in Chiang Rai

    CHIANG RAI – On July 16, 2026, the Chiang Rai Media and Public Relations Association issued an urgent public warning. Scammers are currently posing as local journalists to extort money from business owners. These criminals demand payouts in exchange for keeping quiet about fake negative news stories. The official media association made it very clear […]

Leave a Reply

Your email address will not be published. Required fields are marked *