KARACHI: The State Bank of Pakistan (SBP) has announced that all the banks will remain shut on November 9 owing to the birth anniversary of Dr Allama Mohammad Iqbal also known as the Iqbal Day, the central bank said in a statement on Thursday.
Meanwhile, the federal government has also announced public holiday across the country to observe the birth anniversary of the 'Thinker of Pakistan'.
This year 147th birth anniversary of Dr Iqbal will be observed on November 9 across Pakistan.
Dr Iqbal played an instrumental role in inspiring millions of Muslims across the sub-continent to seek an independent homeland where they could practice Islam freely.
The day would dawn with special prayers in mosques for the progress and prosperity of Pakistan.
Popularly known in Pakistan and other parts of the world as 'the Poet of the East', Dr Iqbal was born in Sialkot on November 9, 1877.
Iqbal was an acclaimed poet and philosopher. He is credited with writing poetry and using his political influence to demand the creation of a separate homeland for Muslims.
His Allahabad address of 1930 was a watershed moment in pre-partition politics.
Allama Iqbal's address gave a clear direction and separate identity to Muslims of the sub-continent to achieve Pakistan.
A Change of Guards ceremony will also be held at his mausoleum in Lahore on Saturday.
Large-scale manufacturing sector seems to be struggling to rebound, according to PBS data
Billionaire industrialist, his associates accused of intentionally deceiving global investors as part of extensive...
Given current trends, KSE-100 index can breach psychological barrier of 100,000 points this or next month, says analyst
Fuel stations typically have reserves lasting three to four days, says president Petroleum Dealers Association
KSE-100 index fluctuates amid political tensions, recording a high of 99,819.59 and a low of 94,180.59
Analyst attributes positive sentiment to macroeconomic strength, optimism over declining lending rates