{"id":15053,"date":"2023-03-29T16:07:10","date_gmt":"2023-03-29T16:07:10","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=15053"},"modified":"2023-03-29T16:07:10","modified_gmt":"2023-03-29T16:07:10","slug":"sbp-directs-banks-to-observe-extended-hours","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/sbp-directs-banks-to-observe-extended-hours\/","title":{"rendered":"SBP directs banks to observe extended hours"},"content":{"rendered":"<p>SBP directs banks to observe extended hours. At the request of the Federal Board of Revenue, the <a href=\"https:\/\/twitter.com\/StateBank_Pak\">State Bank of Pakistan<\/a> (SBP) on Wednesday directed all branches of banks to observe extended banking hours in order to facilitate the taxpayers in payment of government duties\/taxes.<\/p>\n<p>The central bank, in a statement issued in this regard, said that the direction is for all branches of banks including the National Bank of Pakistan (NBP) and field offices of SBP Banking Services Corporation (SBP-BSC).<\/p>\n<p>\u201c[\u2026] all branches of banks including National Bank of Pakistan (NBP) and field offices of SBP Banking Services Corporation (SBP-BSC) shall observe extended banking hours until 04:00 P.M. and 06:00 P.M. on 30th and 31st March 2023 respectively for collection of government taxes through ADC\u2019s Over-the-Counter (OTC) facility,\u201d the statement read.<\/p>\n<p><em><strong>Read more:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/business\/sbp-jacks-up-policy-rate-by-300bps-to-27-year-high.html\">SBP jacks up policy rate by 300bps to 27-year high<\/a><\/strong><\/em><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">To facilitate collection of Govt. duties\/taxes, all branches of banks including NBP and SBP BSC field offices will observe extended banking hours till 4pm &amp; 6pm on 30th &amp; 31st March, 2023 respectively.<br \/>See PR: <a href=\"https:\/\/t.co\/6rzm7F7ZqP\">https:\/\/t.co\/6rzm7F7ZqP<\/a> <a href=\"https:\/\/t.co\/zEbHqfAfXN\">pic.twitter.com\/zEbHqfAfXN<\/a><\/p>\n<p>&mdash; SBP (@StateBank_Pak) <a href=\"https:\/\/twitter.com\/StateBank_Pak\/status\/1641034343396122626?ref_src=twsrc%5Etfw\">March 29, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>It mentioned that National Institutional Facilitation Technologies (NIFT) shall arrange a special clearing at 6pm on March 31 (Friday) for the same-day clearing of payment instruments deposited at NBP\u2019s authorised branches for customs collections.<\/p>\n<p>\u201cFor this purpose, all banks shall arrange to keep their clearing-related branches open till such time that is necessary to facilitate the special clearing by NIFT on March 31, 2023 (Friday),\u201d it read.<\/p>\n<p>It should be noted that during Ramadan, banks observe reduced hours. Currently, the timings are:<\/p>\n<p><strong>Public dealing timings:<\/strong><\/p>\n<ul>\n<li>Monday to Thursday \u2014 9am to 2pm (without break)<\/li>\n<li>Friday \u2014 8:30am to 1pm (without break)<\/li>\n<\/ul>\n<p><strong>Office timings:<\/strong><\/p>\n<ul>\n<li>Monday to Thursday \u2014 9am to 3:30pm (with prayer break from 2pm to 2:30pm)<\/li>\n<li>Friday \u2014 8:30am to 1pm (without break)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>SBP directs banks to observe extended hours. At the request of the Federal Board of Revenue, the State Bank of Pakistan (SBP) on Wednesday directed all branches of banks to observe extended banking hours in order to facilitate the taxpayers in payment of government duties\/taxes. The central bank, in a statement issued in this regard, [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":15056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9],"tags":[443,2279,8616,572,599],"class_list":["post-15053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","tag-dollar","tag-national-bank-of-pakistan","tag-national-institutional-facilitation-technologies","tag-sbp","tag-state-bank-of-pakistan"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/15053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=15053"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/15053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/15056"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=15053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=15053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=15053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}