KARACHI: State Bank of Pakistan (SBP) announced a holiday for the banks in the country on Monday, an official notification was issued on Friday.

According to the notification issued by SBP, all the banks and economic institutions will remain closed on Monday in an account of Bank Holiday on July 1.

The notification has stated that the banks will remain closed due to the end of the current financial year.

On the other hand, the notification has also informed the consumers that no transaction will be made on Monday in the account of Bank Holiday.