The government seems to be gearing up to launch another call for donations after the Dam Fund. This time the stated purpose of the fund will be “to provide humanitarian assistance to Afghanistan.”
“It has been decided to establish/open with immediate effect a Fund to be known as ‘Afghanistan Relief Fund’ to provide humanitarian assistance to Afghanistan” said a statement uploaded to the finance ministry website on Wednesday, December 8th.
A network of accounts will be opened in the State Bank, the National Bank of Pakistan and all scheduled banks. “The fund may receive donations from both domestic and international donors and contributions from abroad which will be received at all the branches of above referred banks” the statement said. “In other foreign countries the contributions will be received at Pakistan missions and remitted to the State Bank of Pakistan which would prescribe necessary procedures for their accounting.” The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
