SBP extends banking hours on 30th, 31st May for tax collection

MG News | May 29, 2022 at 12:18 PM GMT+05:00

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May 29, 2022 (MLN): In order to facilitate the collection of government receipts/duties/taxes, the State bank of Pakistan (SBP) has announced the field offices of SBP Banking Services Corporation (SBP-BSC) and authorized branches of the National Bank of Pakistan (NBP) will observe extended banking hours till 8:00 P.M. and 10:00 P.M. on 30th and 31st May 2022 respectively.

Accordingly, NIFT has been advised to arrange a special clearing at 8:00 P.M. on 31st May 2022 (Tuesday) for the same-day clearing of payment instruments.

Meanwhile, all banks are advised to keep their concerned branches open on 31st May 2022 (Tuesday) till such time that is necessary to facilitate the special clearing for Government transactions by the NIFT.

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