Tax collection banks asked to facilitate special clearing on April 29

State Bank of Pakistan (SBP) on Tuesday asked banks to open branches concerned till such time that is necessary to facilitate special clearing for government transactions for facilitation of tax collection on April 29 (Friday). According to SBP circular, in order to facilitate the collection of Government duty / taxes, NIFT will provide special clearing facility on the advice of State Bank of Pakistan on April 29, 2016 (Friday) at 3:00 pm. Banks are, therefore, advised to keep their branches concerned open on April 29, 2016 (Friday) till such time that is necessary to facilitate special clearing for Government transactions.