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KARACHI: The State Bank of Pakistan on Thursday established Prime Minister Flood Relief Fund on the advice of federal government and asked the banks to raise awareness regarding the fund.
The central bank directed all the commercial banks and micro-finance banks to raise awareness among the potential donors and facilitate them in contributing to the PM’s Flood Relief Fund 2022.
The SBP, in a circular, advised the banks to take measures in that respect on priority and submit the compliance by August 30.
The banks were also directed to prominently display banners at all their branches bearing the description “DONATIONS TO THE PRIME MINISTER’S (PM) FLOOD RELIEF FUND ARE ACCEPTED HERE”, besides highlighting the IBAN of the fund at their websites and ATMs screens enabling their clients to donate to the fund digitally.
“The banks shall also send SMS alerts to all their clients informing them about the establishment of the Prime Minister Flood Relief Fund and its IBAN,” the SBP said.
2/3 RDA holders can donate by clicking PM Flood Relief Fund icon on Roshan Samaji Khidmat page of their RDA bank. Overseas Pakistanis can also donate through wire transfers or Money Transfer Operators/exchange companies in their countries of residence.
— SBP (@StateBank_Pak) August 25, 2022
In a message from its Twitter handle, the State Bank of Pakistan announced that donations can be made through cash or cross cheques at all bank branches across Pakistan and digitally via IBFT or RAAST.
“Roshan Digital Account holders can donate by clicking Prime Minister Flood Relief Fund icon on Roshan Samaji Khidmat page of their RDA bank,” the central bank said. It further said that overseas Pakistanis can also donate through wire transfers or Money Transfer Operators/exchange companies in their countries of residence.
Record rains and floods have claimed 903 lives including 326 children and 191 women various rain-related incidents since June across the country.
