Home Featured Banking and Stock Exchange to Observe Closure on September 29, 2023, for Eid Milad Un Nabi Celebration

Banking and Stock Exchange to Observe Closure on September 29, 2023, for Eid Milad Un Nabi Celebration

by Haktaurus
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As the 12th of Rabi-ul-Awwal, 1445 A.H approaches, Pakistan is getting ready to celebrate Eid Milad Un Nabi, the birth of the Holy Prophet (PBUH), on Friday, September 29, 2023. This significant religious occasion is marked by various festivities and religious observances across the country.

The State Bank of Pakistan (SBP) has officially declared September 29, 2023, as a public holiday in honor of Eid Milad Un Nabi, meaning banks and commercial institutions will remain closed for the day. Additionally, the Pakistan Stock Exchange Limited (PSX) will also observe the holiday, ensuring that financial markets remain shuttered.

Muslims throughout Pakistan are preparing for this joyous occasion by decorating mosques, homes, and streets with colorful lights and banners. Special prayers and sermons will be held in mosques, highlighting the life and teachings of the Prophet Muhammad (PBUH).

One of the most cherished traditions during Eid Milad Un Nabi is the procession of Milad Juloos, where believers gather to recite naats (devotional poetry), offer prayers, and express their love and reverence for the Holy Prophet (PBUH). These processions often feature beautifully adorned floats and melodious hymns.

The festive atmosphere extends beyond religious activities, with families and communities coming together to share meals and exchange gifts. Sweets and traditional dishes are prepared and distributed among friends and neighbors, fostering a sense of unity and goodwill.

Eid Milad Un Nabi is a time for reflection, gratitude, and spreading kindness among fellow citizens. It is a significant day for Pakistan, promoting unity and spiritual growth among its diverse population.

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