The Presidents/Chief Executives

All Banks

Dear Sir / Madam,

OPENING OF BANKS BRANCHES/OFFICES FOR FACILITATION OF TAX COLLECTION

1. It is informed that branches of all Commercial banks will remain open for collection of taxes to facilitate taxpayers for preparation of payment orders etc. as per given below schedule. Banks are further advised to treat 30th June, 2014 as a normal working day for all type of banking transactions as per Circular issued by Ministry of Interior dated June 24, 2014 (copy enclosed) and make necessary arrangements for deduction of Zakat on opening balances of deposits of 1st Ramzan-ul-Mubarak, 1435 A.H in terms of Zakat and Usher Ordinance 1980. The banks therefore, shall observe following schedule for opening, closing and special clearing:

2. The banks are further advised to keep their related clearing branches open on 30th June, 2014 (Monday) till such time the aforesaid two special clearings by NIFT are completed.