Thursday, 29 October 2026
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Business

Banks to observe extended working hours on Saturday to facilitate tax collection

SBP injects over Rs 729 billion in market
KARACHI, Oct 29 (APP): The State Bank of Pakistan (SBP), Thursday, informed that designated branches of all commercial banks will remain open till 8:00 P.M on Saturday, October 31, 2026, to facilitate tax collection on the last day of the month.
“To facilitate taxpayers in making over-the-counter (OTC) payment of Government duties and taxes, it has been decided, on the request of Federal Board of Revenue (FBR), that: Only Saturday Opening branches of all commercial banks shall remain open till 8:00 P.M. on Saturday, October 31, 2026,” said a statement issued here.
The central bank directed the banks to ensure uninterrupted availability of their digital payment channels i.e. internet banking, mobile banking applications, ATMs, and other digital platforms to facilitate the online payment of Government duties and taxes.
The banks are also advised to keep their concerned branches open on October 31, 2026, for as long as required to facilitate the Special Clearing for Government receipts conducted by NIFT.

Source: APP (Associated Press of Pakistan)