KARACHI: The State Bank of Pakistan (SBP) has announced that donations for the Prime Minister’s Relief Fund for flood, earthquake, and other natural disasters can now be deposited into a single dedicated account.
The SBP has instructed all commercial and microfinance banks to collect donations through cash, cheques, internet banking, and mobile banking apps.
The account has been opened under IBAN PK69FGPM0024632999990624, which will be used for all donations nationwide.
Domestic Donations
People in Pakistan can donate:
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In cash at any branch of any bank operating in the country.
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By crossed cheque in the name of the Fund, dropped in designated drop boxes at bank branches.
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Through internet banking, mobile banking apps, and mobile wallets, with no transfer limits.
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The collected funds will be transferred to SBP through the Raast system or RTGS. Banks have been directed to prominently display the IBAN on their websites and digital platforms.
Overseas Donations
Overseas Pakistanis can send their donations through:
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Wire transfers
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Money Service Bureaus (MSBs)
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Money Transfer Operators (MTOs)
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Exchange Houses (EHs)
Banks must provide complete account details and donation procedures to their MTOs and display this information on websites and social media to guide overseas donors.
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Record and Reporting
Banks are required to:
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Keep a record of each donor’s name, amount, and payment method.
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Share this data weekly with the National Disaster Management Authority (NDMA).
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Provide information to SBP when needed.
SBP also clarified that these transactions will not be covered under the Reimbursement of TT Charges Scheme and will follow a fee-based model.
This move aims to simplify the donation process and ensure that relief funds are collected and managed transparently and efficiently.
