Prime Minister Shehbaz Sharif announced a public holiday today to celebrate Youm-e-Takbeer. Everything in the country is at a standstill, and the annual exams in schools have been delayed.

Shehbaz Sharif announced the holiday to commemorate the day when Pakistan conducted a successful nuclear test in Chaghai in 1998.

Provincial authorities postponed matriculation exams scheduled for today due to the public holiday.

All government departments, educational institutions, the Stock Exchange, and courts are closed across the country due to the holiday.

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Pakistan, which is already suffering from inflation and has a stable economy, gets 120 public holidays annually. Due to a single day off, the national GDP faces a 1-2% loss, which equals more than Rs 100 billion.
Economic analyst Khuram Shehzad said that a public holiday affects the national exchequer between $1.1 and $1.3 billion. He also added that the impact could be bigger if the holiday is “sudden.”