SBP directs banks to collect funds for dams construction


Following the instructions of the Supreme Court, the State Bank of Pakistan (SBP) on Tuesday ordered all the commercial banks and microfinance banks to open ‘Diamer Basha and Mohmand Dam Fund Account-2018’ for collecting funds for construction of the dams.

The consumers can make donations and contributions to the funds in the form of cash, cheque, prize bonds and other cash equivalents, against which the bank shall issue a proper receipt.

Addressing a press conference the SBP Deputy Governor, Shamsul Hassan said that an account in all SBP (BSC) field offices, commercial banks and microfinance banks has been opened on the instruction of the Chief Justice of Pakistan, Justice Mian Saqib Nisar.

He further said that the officials of SBP and several commercial banks have also donated their one-day salary for the construction of the two dams.

The funds shall receive donations and contributions from both domestic and international donors, individuals and companies, while the donations can be made through online, ATM or other channels or deposits at counters of banks.

For any query or difficulty in making donations, SBP Help Line at UAN 111-727-273 could be contacted.

On the other hand, officers of Khyber-Pakhtunkhwa government have announced contribution of their three-day salary to the fund for the construction of the Diamer-Bhasha and Mohmand dams.

Officials of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) have also decided to donate their one-day salary, voluntarily for the construction of the dams.

Meanwhile, Supreme Court so far collected Rs7.7 million for raising funds for the dams. The amount will be reflected on the website of the Supreme Court on real times basis, while, around 16,000 branches have been designated for fund raising across the country. NNI

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