Circulars/Notifications - Banking Policy & Regulations Department  
 BPRD Circular Letter No. 14 of 2012
  June 26, 2012

The Presidents/Chief Executives
All Banks/ Microfinance Banks


Dear Sir/Madam,

OPENING OF BRANCHES/OFFICES FOR FACILITATION OF TAX COLLECTION

It is informed that SBP-BSC field offices and National Bank of Pakistan (NBP) will provide banking facilities for extended hours on June 28, 2012 (Thursday) till 6:00 p.m. and on June 29, 2012 (Friday) till 8:00 p.m. for collection of FBR taxes and duties. Further, SBP-BSC field offices and authorized branches of NBP will be open on June 30, 2012 till 12:00 a.m. (midnight). NIFT will provide special clearing facility after 10.00 p.m. on June 30, 2012, in order to ensure that all receipts collected on June 30, 2012 are credited to the Government Accounts on the same date.

2.         In order to facilitate collection of Taxes, all the banks are advised to provide banking facilities for extended hours on June 28, 2012 (Thursday) till 6:00 p.m. and on June 29, 2012 (Friday) till 8:00 p.m. and to open concerned branches and other offices on June 30, 2012 (Saturday) till such time that are necessary to facilitate the special clearing by NIFT to be held immediately after 10:00 p.m. on June 30, 2012. Further, banks/MFBs are advised to incorporate the impact of Saturday, June 30, 2012 clearings and the permissible activities by designated branches on the same day, in the books of accounts for preparation of their quarterly/half-yearly financial statements.





Yours truly
,

Sd/-

(Mahmood Shafqat)
Additional Director




       
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