State Bank of Pakistan Extends Banking Hours for Tax Collection | FBR Tax Recovery Target

Banking time for Tax Recovery

In order to facilitate the recovery of Government receipts, duties, and taxes at May 2022 end. State Bank of Pakistan decided that the field offices of SBP Banking Services Corporation (SBP-BSC) and authorized branches of the National Bank of Pakistan (NBP) will observe extended banking hours. till 8:00 P.M. and 10:00 P.M. on 30th and 31st May 2022 respectively.

Accordingly, NIFT also advised to arrange a special clearing at 8:00 P.M. on 31st May 2022 (Tuesday). NIFT will facilitate for same-day clearing of payment instruments.

All banks also advised to keep their concerned branches open on 31st May 2022 till such time that is necessary. To facilitate the special clearing for Government transactions by the NIFT.

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