ISLAMABAD: In a move aimed at facilitating tax-payers, branches of all banks will remain open on Saturday and Sunday with extended working hours for both days.
The State Bank of Pakistan (SBP) had Friday directed banks to remain open on the weekend for the collection of tax through alternate delivery channels and over-the-counter.
“It has been decided that branches of all banks that are open on Saturday shall observe extended working hours on Saturday and Sunday,” said the SBP in its statement.
Today, the banks will remain open till 5pm, whereas tomorrow (December 31), the operational hours will be till 8pm.
Furthermore, the banks — to check the issue of spillover of tax receipts — have also been directed to 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 December 31, 2023.
Banks are also advised to keep their branches open on the weekend till such time that is necessary to facilitate the special clearings for government transactions by the NIFT.
