Banks Will Remain Open For Extended Hours on Dec 31

The State Bank of Pakistan (SBP) has announced that certain bank branches, SBP Banking Services Corporation (SBP-BSC) and authorized branches of National Bank of Pakistan (NBP) will remain open for extended hours on December 30 and 31, 2022.

Banks, Banks Extended Hours — Banks Will Remain Open For Extended Hours on Dec 31

“In order to facilitate the collection of Government receipts / duties / taxes, it has been decided that the field offices of SBP Banking Services Corporation (SBP-BSC) and authorized branches of National Bank of Pakistan (NBP) will observe extended banking hours till 8:00 P.M. and 10:00 P.M. on 30th and 31st December, 2022 respectively.” the SBP said in press release.

It added that NIFT has been advised to arrange a special clearing at 8:00 P.M. on 31st December, 2022 (Saturday) for same day clearing of payment instruments.

Furthermore, the SBP advised all banks to keep their concerned branches open on 31st December, 2022 (Saturday) till such time that is necessary to facilitate clearing of Government transactions by the NIFT.

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