As requested by the Federal Board of Revenue, the State Bank of Pakistan has issued instructions to SBP BSC field offices, to NIFT and to NBP to remain open for extended hours till 8:00pm (2000 hrs) on 31st May 2012, 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.
In order to ensure that all receipts collected on 31st May 2012 are credited to the Government Account on the same date, a special clearing at 07:00 pm (1900 hrs) on 31st May 2012 has been arranged so that all the clearing instruments received up to 07:00 pm are cleared and credited to the Government Account in value date of 31st May 2012.
Mohammad Shahzad
Secretary PR