Pakistan Declares Aug 26 Public Holiday for Eid Milad-un-Nabi

Pakistan's federal government has declared Wednesday, August 26, a public holiday across the country to observe Eid Milad-un-Nabi (PBUH). The Cabinet Division issued an official notification following Prime Minister Shehbaz Sharif's approval. This holiday, marking the birth of Prophet Muhammad (PBUH), will affect banking hours and trading activity in local markets, including the PSX and potentially the sarafa market. Traders should anticipate reduced liquidity and adjusted settlement times on this day, though direct price impact on gold or currency rates is expected to be minimal.

بحوالہ / Source: www.brecorder.com