SBP explains mechanism for dams donations
KARACHI: State Bank of Pakistan (SBP) Shamsul Hasan, Deputy Governor, SBP held a press conference at its head office in Karachi explaining arrangements made at field offices and bank branches across Pakistan to receive donations for Supreme Court of Pakistan Diamer Bhasha and Mohmand Dam Fund established on the instructions of honorable Supreme Court for construction of the two said dams in the country.
While speaking at the press conference, Shamsul Hasan, Deputy Governor, SBP stated that the initiative of building two dams will go a long way in ensuring development of the economy and prosperity of people of Pakistan. He stated that the central bank will extend all support and cooperation in the collection of funds for building these dams.
The Deputy Governor stated 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, public may contact SBP Helpline at UAN 111-727-273.
The Deputy Governor announced that officers and staff of SBP and its subsidiaries will donate two-days and one-day salary respectively to the Fund. In similar spirit, Presidents of National Bank, Habib Bank, United Bank, and representatives of ABL 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 matching amount from banks.
Presidents of 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 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.
FPCCI officers to contribute
one-day salary for dams:
Appreciating the order of the four-member bench, headed by the Chief Justice of Pakistan Mian Saqib Nisar for the construction of Diamer-Bhasha and Mohmand Dams, the officers of Federation of Pakistan Chambers of Commerce and Industry have decided to fulfill their national obligation by donating their one-day salary voluntarily to the announced fund for this cause of national importance.
This was decided in the joint meeting of the officers chaired by FPCCI Secretary General Dr Iqbal Thaheem, said FPCCI statement here on Tuesday.
It said the dams are the need of hour and these should be constructed on war-footings. Water reservoirs are essential for the survival of the people and economy of the country.
WAPDA officers donate salary to dams fund:
All officers of Pakistan Water and Power Development Authority (WAPDA) will donate their two-day salary; while officials from BPS-1 to 16 will contribute one-day salary to Diamer-Basha and Mohmand Dam Fund – 2018, established in light of the Supreme Court’s decision for construction of the two vital projects to increase water storage capacity.
The decision to donate in the fund was made at a meeting on Tuesday which was presided over by WAPDA Chairman Lt Gen (Retd) Muzammil Hussain and attended by members of the Authority.