The State Bank of Pakistan (SBP) has announced that banks will remain open for extended hours on Thursday and Friday (30th and 31st March 2023).
The central bank said, “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 branches of banks including National Bank of Pakistan (NBP) and field offices of SBP Banking Services Corporation (SBP-BSC) shall observe extended banking hours until 04:00 P.M. and 06:00 P.M. on 30th and 31st March, 2023 respectively for collection of government taxes through ADC’s Over-the-Counter (OTC) facility.”
It added that National Institutional Facilitation Technologies (NIFT) shall arrange a special clearing at 06:00 P.M. on 31st March, 2023 (Friday) for the same day clearing of payment instruments deposited at NBP’s authorized branches for customs collections.
For this purpose, all banks shall arrange to keep their clearing related branches open till such time that is necessary to facilitate the special clearing by NIFT on March 31, 2023 (Friday).
Read more: Bank Timings in Pakistan During Ramadan 2023.
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