According to a round issued through the significant financial institution, the Government of Balochistan [GoB] has notified status quo of a flood alleviation fund, namely, Balochistan’s Flood Relief and Rehabilitation Fund, for presenting comfort and rehabilitation to the affected populace because of torrential rains and flash floods withinside the Province.
The Fund shall take delivery of donations / contributions each from home and worldwide reassets for aforesaid purpose. The Director General, Provincial Disaster Management Authority (PDMA) will administer the Fund at the same time as the Accountant General Balochistan will hold debts of the Fund.
In this regard, the SBP has opened “Balochistan’s Flood Relief and Rehabilitation Fund Account 2022” for series of donations / contributions to the Fund. All the economic and microfinance banks shall open the account of the Fund and shall get hold of donations / contributions in coins, via cheques, payorder and call for drafts, in any respect their branches throughout the country.
Donors were furnished more than one alternatives for making donation/ contribution to the Fund as defined below:
A. Overseas Donors:
a. Roshan Digital Account (RDA) Holders: The Non Resident Pakistanis (NRPs) can make a contribution withinside the “Balochistan’s Flood Relief and Rehabilitation Fund” through clicking the fund icon on their financial institution’s Roshan Samaji Khidmat Page. The RDA banks shall create the “Balochistan’s Flood Relief and Rehabilitation Fund” button/hyperlink on their Roshan Samaji Khidmat web page with the aid of using seventh September 2022.
b. Wire Transfer: the foreign places donors such as NRPs now no longer having RDA might also additionally donate to the Fund via cord switch withinside the Fund account of any industrial financial institution in Pakistan. They might truely suggest their respective banks to transmit the donation quantity withinside the Fund Account through debiting their money owed.
c. Transfer thru Money Service Bureaus, Money Transfer Operators and Exchange Houses: Overseas donors might also donate / make contributions via Money Service Bureaus (MSBs), Money Transfer Operators (MTOs) (e.g. MoneyGram, Western Union) and Exchange Houses (EHs) in keeping with the preparations in location for receiving domestic remittances.
B. Domestic Donors:
a) Cash Deposits at Banks’ Counters: Donors may also make their donations / contributions to the fund in coins at any department of any financial institution running in Pakistan. Similarly, donations/ contributions will also be made at any of the sphere places of work of SBP Banking Services Corporation. The banks and SBP BSC workplaces shall make sure availability of preprinted deposit slips at their coins counters.
b) Deposit of Crossed Cheques withinside the Name of the Fund in Bank’s Drop Boxes: The donors and members may also make their donations / contributions to the Fund with the aid of using losing crossed cheques withinside the call of the Fund of their respective financial institution’s drop field. All banks shall make to be had drop field facility at their decided on branches for donors wherein they will drop their crossed cheques in choose of the Fund. The banks shall, for this reason debit the customer’s account and switch the quantity of such proceeds every day on consolidated foundation thru RTGS to the SBP.
c) Digital Channels: The donor may use virtual channels e.g. interbank fund switch facility (IBFT), RAAST, cellular banking, cell wallets and ATMs etc. to donate to the Fund. The industrial and microfinance banks shall prominently show the IBAN of the Fund at their websites.
The banks receiving / gathering donations from remote places in addition to home donors withinside the Fund Account shall switch the consolidated quantity thru RTGS to the SBP on day by day foundation.
The banks shall keep the info of character donors i.e. call of donor the quantity of his/her contribution, mode of price etc. with them and will be made to be had to SBP as and while needed.
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