SBP explains collection mechanism for Dams Fund, banks to contribute as well

KARACHI: State Bank of Pakistan (SBP) has explained the arrangements made at field offices and bank branches across Pakistan to receive donations for Supreme Court (SC) Diamer-Bhasha and Mohmand Dam Fund established on the instructions of honourable Supreme Court (SC) for construction of the two said dams in the country.

While speaking at the press conference here on Tuesday, SBP Deputy Governor Shamsul Hasan said that the initiative of building two dams will go a long way in ensuring the development of the economy and prosperity of people of Pakistan. He said that the central bank will extend all support and cooperation in the collection of funds for building these dams.

The deputy governor said that accounts have been opened in all SBP(BSC) field offices, commercial banks and microfinance banks. He clarified that donations can be made online through internet/ATM banking or other channels besides cash deposits at counters of banks. He also stated that in case of any query or difficulty in making donations, the public may contact SBP Helpline at UAN 111-727-273.

The deputy governor announced that SBP officers and staff and its subsidiaries will donate two-days and one-day salary respectively to the Fund. In a similar spirit, presidents of National Bank, Habib Bank, United Bank, and representatives of Allied Bank and MCB also announced donations on behalf of their banks. These donations are in the form of one-time contributions and one to two-day salary from their staff and a matching amount from banks.

Article continues after this advertisement

Presidents of different banks also explained that arrangements for receiving donations have been made at all of their branches across the country. They also stated that their respective banks were not only running awareness campaigns but had also established helplines to respond to queries of their customers aiming to facilitate donations by them. They also stated that they were sending SMS to create awareness and facilitating their customers to donate in the fund account.

On media queries, Shamsul Hasan clarified that arrangement had also been made at banks to receive donations in Diamer-Basha and Mohmand Dam Fund from abroad.

- Advertisement -
- Advertisement -

Must Read

CPPA seeks Rs4.5 per unit hike in electricity price

Power tariff is likely to go up as Central Power Purchasing Agency (CPPA) has sought Rs4.5 per unit hike and National Electric Power Regulatory...