State Bank of Pakistan (SBP) has issued necessary instructions to SBP, Banking Services Corporations (BSC) field offices and NBP to remain open for extended hours till 10:00 pm on 30th and 31st December 2011, to facilitate trade and industry in getting their cargo cleared for imports and exports and for receiving of returns and payments of duty and taxes. FBR has made the request to SBP to issue necessary instructions to SBP field offices and NBP to remain open on 30th and 31st December 2011. In order to ensure that all receipts collected on 31st December 2011 are credited to the government account on the date, a second and special clearing at 1:00 pm, 31st December 2011 has been arranged so that all the clearing instruments received up to 10:00 pm are cleared and credited to the government account in value date of 31st December 2011. It was requested to the concerned institutions or taxpayers that it is compulsory to present State Bank cheques in order to ensure the crediting of amount to the government account on the same day.
