SBP Extends Banking Hours For Tax Collection
SBP Facilitates Government Revenue Collection With Longer Banking Hours
KARACHI: (Web Desk) – The State Bank of Pakistan (SBP) has directed commercial banks to keep selected branches open and extend banking hours from June 27 to June 30 to facilitate the collection of government taxes and duties.
The move comes following a request from the Federal Board of Revenue (FBR) to ensure taxpayers can conveniently make payments through Over-the-Counter (OTC) services and Alternate Delivery Channels before the close of the fiscal period.
According to an SBP circular issued on June 24, all designated Saturday-opening branches of commercial banks, along with National Bank of Pakistan (NBP) branches handling customs collections, will remain open from 9:00 am to 5:00 pm on Saturday, June 27.
On Monday, June 29, all commercial bank branches and NBP branches responsible for customs collections will operate with extended hours until 8:00 pm.
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On Tuesday, June 30, the same branches will remain open until 10:00 pm to facilitate last-day tax payments. NBP branches handling customs collections will continue operations until 11:59 pm to accommodate customs-related transactions.
The central bank has also instructed banks to keep the relevant branches open for as long as necessary to support the special clearing of government transactions conducted through the National Institutional Facilitation Technologies (NIFT) system.
In addition, banks have been directed to ensure uninterrupted availability of digital payment services, including internet banking, mobile banking applications, ATMs, and other electronic channels, enabling taxpayers to pay government duties and taxes online without disruption.
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