Collection of govt receipts, taxes: Certain bank branches will be open till 10pm on 30th, 31st: SBP

KARACHI: The State Bank of Pakistan (SBP) has announced opening of concerned branches for extended hours for collection of government receipts /duties /taxes on 30th and 31st December, 2021.

In order to facilitate the collection of government receipts/duties/taxes, it has been decided that the field offices of the SBP Banking Services Corporation (SBP-BSC) and authorized branches of National Bank of Pakistan (NBP) will observe extended banking hours till 8:00 P.M. and 10:00 P.M. on 30th and 31st December, 2021, respectively.

Accordingly, NIFT has been advised to arrange a special clearing at 8:00 P.M. on 31st December, 2021 (Friday) for same day clearance of payment instruments.

All banks have, therefore, been advised to keep their concerned branches open on 31st December (Friday) till such time that is necessary to facilitate the special clearing for government transactions by NIFT, the SBP said.

Copyright Business Recorder, 2021