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

In order to facilitate the taxpayers in payment of government duties/taxes, it has been decided on the request of Federal Board of Revenue (FBR) that Saturday opening branches of all banks shall observe extended working hours till 5:00 pm on Saturday, September 30, 2023 to facilitate the collection of taxes through ADC’s Over-the-Counter (OTC) facility.

Further, in order to ensure the same day clearing/settlement of payment instruments deposited at banks’ authorized branches for tax collection, M/s NIFT shall arrange special clearing at 5:00 pm on Saturday, September 30, 2023.

Accordingly, all banks are advised to keep their concerned branches open till such time that is necessary to facilitate the special clearing by NIFT on September 30, 2023.

Copyright Business Recorder, 2023