Youm-e-Takbeer: Pakistan Stock Exchange Closed on Public Holiday
The holiday commemorates Pakistan's historic nuclear tests, which established the country as a major player in the global nuclear landscape. The closure of the Pakistan Stock Exchange on May 28 is a testament to the significance of this day in Pakistan's history, and it serves as a reminder of the country's commitment to its defence and security.
The Pakistan Stock Exchange will remain closed on May 28 due to Youm-e-Takbeer, a public holiday declared by the Government of Pakistan to commemorate the country's nuclear tests in 1998. This holiday marks a significant milestone in Pakistan's defence history, honoring the country's achievement of becoming the seventh nuclear-armed state and first Muslim-majority country with nuclear capability.
The Sindh government has declared May 28 a public holiday, which will be observed by all provincial government offices, local councils, and related departments. The Pakistan Stock Exchange has also followed suit, declaring May 28 a holiday to commemorate Youm-e-Takbeer. This decision reflects the importance of this day in Pakistan's history, as it was on May 28, 1998, that the country conducted nuclear tests in response to India's earlier tests.
Youm-e-Takbeer is observed nationwide to honor the scientists, engineers, and technicians who contributed to Pakistan's nuclear program. The holiday is a testament to the country's commitment to its defence and security, and it serves as a reminder of Pakistan's achievements in the field of nuclear technology. The closure of the Pakistan Stock Exchange on this day is a mark of respect for the country's nuclear milestones and its defence history.
As the nation observes Youm-e-Takbeer, it is a time for reflection on the country's progress and achievements in the field of defence and security. The public holiday provides an opportunity for citizens to acknowledge the sacrifices and contributions of those who have worked towards making Pakistan a strong and secure nation.