Banks to remain open on Saturday, Sunday this week: SBP

April 27, 2023 (MLN): The State Bank of Pakistan (SBP) has decided that all those branches of banks that remain open on Saturday including authorized branches of the National Bank of Pakistan (NBP), and field offices of SBP Banking Services Corporation (SBP-BSC) shall remain open on April 29 and April 30, 2023 (Saturday & Sunday).

In addition, the banks will also observe extended working hours till 06:00 p.m. to facilitate the collection of taxes through ADC’s Over-the-Counter (OTC) facility.

The aforesaid decision has been taken on the request of the Federal Board of Revenue (FBR) in order to facilitate the taxpayers in payment of government duties/taxes.

Further, in order to ensure the same-day clearing/settlement of payment instruments deposited at NBP’s authorized branches for customs collection, NIFT shall arrange special clearings at 01:00 p.m. on April 29, 2023 (Saturday) and at 06:00 p.m. on April 30, 2023 (Sunday).

Accordingly, all banks shall keep their clearing-related branches open till such time that is necessary to facilitate the special clearings by NIFT on April 29 and April 30, 2023, respectively.

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