Collection of govt receipts, duties, taxes: Branches to remain open till 8pm, 10pm on 30th, 31st: SBP

KARACHI: The State bank of Pakistan (SBP) has announced opening of branches for collection of government receipts, duties and taxes on 30th and 31st of March 2022.

In order to facilitate the collection of Government receipts, duties and taxes, it has been decided that the field offices of SBP Banking Services Corporation (SBP-BSC) and authorised branches of National Bank of Pakistan (NBP) will observe extended banking hours till 8:00 p.m. and 10:00 p.m. on 30 and 31st March, 2022 respectively.

Accordingly, NIFT has been advised to arrange a special clearing at 8:00 p.m. on 31st March, 2022 (Thursday) for same day clearing of payment instruments. All banks are advised to keep their concerned branches open on 31st March, 2022 (Thursday) till such time that is necessary to facilitate the special clearing for Government transactions by the NIFT.

Copyright Business Recorder, 2022