Dhaka, Mar 20(V7N) — Bangladesh’s central bank has ordered all banks and financial institutions to pay employees' salaries and allowances by March 23, ensuring workers receive their wages ahead of Eid-ul-Fitr.

The Bangladesh Bank (BB) issued two circulars on Thursday, also instructing financial institutions to clear retirement allowances for pensioners by the same date.

Eid-ul-Fitr, one of the most significant religious holidays in Bangladesh, is expected to be observed on March 31, depending on the sighting of the moon. With millions preparing for celebrations, authorities are pushing to ensure timely payments to ease holiday spending.

Bangladesh traditionally sees a surge in consumer activity before Eid, with shopping malls and markets experiencing a boom as families prepare for festivities. The directive aims to provide financial stability for employees and pensioners during the holiday season.

Officials have yet to confirm whether the directive extends to private companies, but previous years have seen similar measures to ensure wage disbursements before major religious celebrations.