KARACHI:In order to facilitate the collection of government receipts, duties and taxes, specific bank branches would open on Saturday besides observing extended banking hours on December 30 and 31.
According to a statement by the State Bank of Pakistan, field offices of SBP Banking Services Corporation (SBP-BSC) and authorized branches of National Bank of Pakistan (NBP) would observe extended banking hours till 8:00 P.M. and 10:00 P.M. on December 30 and 31, 2022 respectively.
Accordingly, NIFT has been advised to arrange a special clearing at 8:00 P.M. on Saturday December 31, 2022 for same-day clearing of payment instruments.
The central bank also advised all banks to keep their concerned branches open on December 31 till such time that is necessary to facilitate the special clearing for Government transactions by the NIFT.