SBP directs banks to observe extended hours on Dec 31 to facilitate taxpayers

SBP directs banks to observe extended hours on Dec 31 to facilitate taxpayers

KARACHI: The State Bank of Pakistan (SBP) on Monday directed banks to open their branches for extended hours on December 31, 2020 in order to facilitate taxpayers in payment of duty and taxes.

In order to facilitate the collection of the government receipts/ duties/ taxes, it has been decided that the field offices of SBP Banking Services Corporation (SBP BSC) and authorized branches of National Bank of Pakistan (NBP) will observe extended banking hours till 9:00 P.M. on December 31, 2020 (Thursday), for which purpose a special clearing has been arranged at 6:00 P.M. on the same day by the NIFT, the SBP said.

The SBP directed that all banks keep their concerned branches open on December 31, 2020 (Thursday) till such time that is necessary to facilitate the special clearing for Government transactions by the NIFT.