Banks to Observe Normal Banking Hours on Saturday for Tax Collection

The State Bank of Pakistan (SBP) has announced that branches of banks that remain open on Saturday will observe normal banking/working hours until 5.00 pm on 24 June 2023 for the purpose of tax collection.

In a notification issued by the State Bank of Pakistan (SBP), it stated, “In order to facilitate the taxpayers in payment of Government duties / taxes, it has been decided on the request of Federal Board of Revenue (FBR) that all those branches of banks that remain open on Saturday shall observe normal banking hours until 5:30 p.m. on June 24, 2023 to facilitate the collection of taxes through ADC’s Over -the-Counter (OTC) facility.”

Furthermore, all banks have been instructed to ensure round-the-clock 24/7 availability of their online payment facilities (internet banking, mobile apps, ATMs etc.) to facilitate the taxpayers in online payment of government duties / taxes.

Here is a copy of the circular:

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