2026

Government duties and taxes collection December 31, 2025 has been facilitated through extended banking hours and enhanced digital payment availability, ensuring taxpayers across Pakistan can smoothly complete their year-end tax obligations without disruption. In a move aimed at supporting individuals, businesses, and corporate taxpayers, commercial banks have been instructed to remain operational beyond regular working hours, while online banking channels will remain fully functional to enable seamless tax payments. Extended Banking Hours for Government Duties and Taxes Collection December 31, 2025 To accommodate the surge in tax payments at year-end, all branches of commercial banks have been advised to extend their working hours until 10:00 PM on Wednesday, December 31, 2025. This initiative is particularly beneficial for taxpayers making over-the-counter (OTC) payments, including income tax, sales tax, customs duties, and other government levies. The extension ensures that individuals and businesses facing last-minute deadlines are not inconvenienced. In addition, banks have been instructed to keep their designated branches open beyond normal hours, where necessary, to facilitate Special Clearing for Government transactions conducted by NIFT. This step is crucial for timely settlement of government receipts before the close of the financial year. Uninterrupted Digital Channels for Government Duties and Taxes Collection December 31, 2025 Alongside extended branch hours, banks have been directed to ensure round-the-clock availability of digital payment platforms. These include: • Internet banking portals• Mobile banking applications• ATM networks• Other authorized digital payment systems This digital readiness ensures that taxpayers who prefer online transactions can complete their government duties and taxes collection December 31, 2025 payments without facing technical delays or service interruptions. By strengthening both physical and digital payment infrastructure, authorities aim to improve compliance, reduce congestion at branches, and encourage cashless tax payments. January 1, 2026 Bank Holiday Announcement Following the year-end collection drive, the State Bank of Pakistan (SBP) has announced that Thursday, January 1, 2026, will be observed as a Bank Holiday. On this date: • All banks, Development Finance Institutions (DFIs), and Microfinance Banks (MFBs) will remain closed for public dealing• No customer-facing banking services will be available at branches However, it is important to note that bank employees will attend office as usual to handle internal operations, settlements, and post-year-end reconciliations. This operational continuity ensures that government receipts collected during government duties and taxes collection December 31, 2025 are processed efficiently without backlog. Why Government Duties and Taxes Collection December 31, 2025 Matters for Businesses The year-end tax collection window is critical for: • Businesses closing their financial accounts• Importers and exporters clearing customs obligations• Corporates ensuring compliance before annual audits• Individuals settling pending tax liabilities Extended banking hours and uninterrupted digital services reduce last-day pressure and help taxpayers avoid penalties, late fees, or processing delays. For the government, timely tax collection strengthens fiscal discipline and supports accurate revenue reporting for the upcoming financial period. Key Takeaways for Taxpayers Instead of a table, here’s a clear breakdown: • December 31, 2025: Banks open until 10:00 PM for government tax payments• Special Clearing: Designated branches remain open for NIFT government transactions• Digital Payments: Internet banking, mobile apps, and ATMs remain fully operational• January 1, 2026: Bank Holiday for public dealing; internal operations continue Final Thoughts The facilitation measures announced for government duties and taxes collection December 31, 2025 reflect a coordinated effort to ensure convenience, efficiency, and compliance at the close of the calendar year. Taxpayers are encouraged to take advantage of extended hours and digital platforms to avoid last-minute rush and ensure timely payment. With clear timelines and enhanced access, the banking system remains well-prepared to support Pakistan’s year-end fiscal requirements.