Banks to collect duties/taxes on 24th

KARACHI: In order to facilitate the taxpayers in payment of Government duties/taxes, the State Bank of Pakistan has decided on the request of Federal Board of Revenue (FBR) that all those branches of banks that remain open on Saturday shall observe normal banking hours until 5:30 p.m. on June 24, 2023 to facilitate the collection of taxes through ADC’s Over-the-Counter (OTC) facility.

Further, the SBP advised the banks to ensure round-the-clock 24/7 availability of their online payment facilities i.e. internet banking, Mobile Apps, ATMs etc. to facilitate the taxpayers in online payment of government duties/taxes.

Copyright Business Recorder, 2023