To boost tax collection, the State Bank of Pakistan has issued instructions for commercial banks to remain open on Saturday as well.
According to sources, total tax revenues stood at Rs 7.15 trillion by the last working day of January, which is Rs 374 billion below the assigned target. However, compared to the same period of the previous fiscal year, collections are around 12 percent higher, an increase of Rs 743 billion.
Sources said that an additional Rs 50 billion is expected to be collected on Saturday under the super tax, as several companies are depositing outstanding dues. Despite this, the overall shortfall against the original annual target has reached Rs 597 billion. The International Monetary Fund (IMF) had revised this target downward due to slow economic growth and lower inflation.
In view of the shortfall, the State Bank issued directions on Friday that all commercial banks, including National Bank customs collection branches, will remain open on Saturday from 9:00 am to 5:00 pm. Banks have also been instructed to ensure the payment of government taxes and duties through online banking, mobile apps, ATMs, and other digital channels.
According to the State Bank, on January 31, 2026, banks may remain open for extended hours as needed to facilitate special clearing of government transactions through NIFT.
It is worth noting that the Constitutional Court recently ruled in favor of the government in the super tax case, allowing the Federal Board of Revenue (FBR) to recover approximately Rs 190 billion.
