Banks to stay open on Dec 30-31

KARACHI: In order to facilitate collection of government receipts, duties and taxes, the State Bank of Pakistan (SBP) decided on Tuesday to keep the field offices of SBP Banking Services Corporation (SBP-BSC) and authorised branches of National Bank of Pakistan (NBP) open till 8pm on Dec 30 and 9pm on Dec 31.

Accordingly, the central bank said in a statement that NIFT has been advised to arrange a special clearing till 8pm on Dec 31, Friday for the same day clearing of payment instruments.

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The SBP advised all the banks to keep their relevant branches open on Dec 31, 2021 (Friday) till such time to facilitate the special clearing for government transactions by NIFT.