Banks to remain open on February 28 for tax collection

2026-02-26 - 12:24

To facilitate taxpayers in making over-the-counter (OTC) payment of Government duties and taxes, the State Bank of Pakistan (SBP) has directed Saturday opening branches of all commercial banks to remain open from 09:00 A.M. to 01:00 P.M on Saturday, February 28, 2026. On the request of the Federal Board of Revenue (FBR), the SBP has advised banks, including the NBP branches handling customs collection, to keep their concerned branches open on February 28, 2026, for as long as required to facilitate the Special Clearing for Government transactions conducted by NIFT. The banks shall also ensure uninterrupted availability of their online payment channels, i.e. internet banking, mobile applications, ATMs, and other digital platforms, to facilitate the online payment of Government duties and taxes. SBP’s liquid foreign reserves rise by $16 million to $16.2 billion