Selected Bank Branches to Remain Open for Extended Hours on Saturday and Sunday

In order to facilitate the taxpayers in payment of Government duties / taxes, selected bank branches will remain open for extended hours on Saturday and Sunday (December 30th and 31st, 2023).

According to the State Bank of Pakistan, the bank branches that are open on December 30th (Saturday) shall observe extended working hours till 5:00 pm, while these branches will operate till 8:00 pm on Sunday (December 31st).

The select branches will remain open for the collection of taxes through Alternate Delivery Channels and Over-the-Counter Facilities.

Further, to ensure same day clearing/ settlement of payment instruments, NIFT has been advised to arrange special clearings at 3:00 pm on Saturday the 30th December, 2023 and at 5:00 pm on Sunday the 31st December, 2023.

To eliminate the issue of spillover of tax receipts, banks shall ensure that no instrument concerning government receipts, lodged during the aforementioned office hours, remain unattended at branch counters and must be lodged in the aforesaid special clearing in the value date of 31st December, 2023.

Moreover, banks are advised to keep their concerned branches open on 30th and 31″ December, 2023 till such time that is necessary to facilitate the special clearings for Government transactions by the NIFT.