Commercial Banks to Remain Closed for Public Transactions on July 1

Commercial banks across Pakistan will remain closed for public transactions on July 1, 2026, as the banking sector observes its annual financial closing at the start of the new fiscal year.

The temporary closure has been announced in accordance with the State Bank of Pakistan’s (SBP) directives. During the day, banks will not provide over-the-counter services to customers, and members of the public have been advised to complete any urgent banking transactions before the close of business on June 30.

According to banking authorities, July 1 will be dedicated exclusively to internal operations, including the preparation of annual accounts, financial reconciliation, and other administrative procedures required at the beginning of the fiscal year.

While bank staff will remain on duty to carry out internal tasks, all branches will remain closed to the public for deposits, withdrawals, account-related services, and other in-person banking transactions.

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Customers are encouraged to plan ahead and avoid inconvenience by completing time-sensitive financial matters in advance. However, digital banking services, including ATMs, internet banking, and mobile banking applications, are expected to remain available, subject to individual banks' operational policies.

Normal banking operations and public transactions are scheduled to resume on July 2, 2026, when all commercial bank branches will reopen under their regular working hours.

The annual closure is a routine practice observed by commercial banks to facilitate the completion of year-end financial reporting and ensure a smooth transition into the new fiscal year.