The circular said that the State Bank of Pakistan (SBP) will be closed for public dealing on March 3 and that this closure is in observance of a “Bank Holiday for Zakat deduction.”

“All banks / DFIs / MFBs shall, therefore, remain closed for public dealing on the aforementioned date,” the SBP said in the circular issued on the website.

“However, all employees of the banks / DFIs / MFBs will attend the office on Bank Holiday treating it as a normal working day (except for public dealing).”

The Federal Ministry of Poverty Alleviation announced on Tuesday Nisab-i-Zakat for 2025, saying that Zakat would be applicable on an amount of Rs179,689 this year.

Central Ruet-e-Hilal Committee Chairman Maulana Muhammad Abdul Khabir Azad announced that the Ramadan moon was not sighted in Pakistan, and the first Ramadan will be observed on Sunday.

Also, the Ramadan moon was sighted in Saudi Arabia, United Arab Emirates (UAE), Australia and Indonesia, while Brunei and Malaysia did not witness the moon on Friday.

Ramadan, the ninth month of the Islamic lunar calendar, is a time dedicated to fasting, prayer, and charitable acts. Healthy adult Muslims are required to abstain from food and drink from dawn until sunset.

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