September 28, 2022
  • September 28, 2022
  • Home
  • Wire Transfer
  • SBP opens account for Balochistan Flood Relief, Rehabilitation Fund

SBP opens account for Balochistan Flood Relief, Rehabilitation Fund

By on August 25, 2022 0

KARACHI: The State Bank of Pakistan (SBP) on Thursday opened an account for collecting donations to the Balochistan Flood Relief and Rehabilitation Fund 2022.

According to a circular issued by the central bank, the government of Balochistan [GoB] notified the establishment of a flood relief fund, namely the Balochistan Flood Relief and Rehabilitation Fund, to provide relief and rehabilitation to the population affected by the torrential rains and flash floods in the province.

The Fund will accept donations/contributions from national and international sources for the above purposes. The Director General of the Provincial Disaster Management Authority (PDMA) will administer the Fund while the Accountant General of Balochistan will keep the accounts of the Fund.

READ MORE: Tax exemption given to donations for PM flood relief fund

In this regard, the SBP has opened the “Balochistan Flood Relief and Rehabilitation Fund Account 2022” for collecting donations/contributions to the Fund. All commercial and microfinance banks will open the Fund account and receive cash donations/contributions, checks, money orders and demand drafts, at all their branches across the country.

Donors have several options for making donations/contributions to the Fund, as described below:

A. Foreign donors:

a. Roshan Digital Account (RDA) Holders: Non-Resident Pakistanis (NRP) can contribute to the “Baluchistan Flood Relief and Rehabilitation Fund” by clicking the fund icon on the Roshan Samaji Khidmat page of their bank. RDA banks must create the “Balochistan Flood Relief and Rehabilitation Fund” button/link on their Roshan Samaji Khidmat page by 7 September 2022.

READ MORE: SBP issues instructions to banks for raising awareness of flood relief donations

b. Bank transfer: Foreign donors, including NRPs without RDAs, can donate to the Fund by bank transfer to the Fund’s account at any commercial bank in Pakistan. They would simply advise their respective banks to pass the donation amount into the fund account by debiting their accounts.

vs. Transfer via Money Services Bureaus, Money Transfer Operators and Exchange Houses: Foreign donors can also donate/contribute via Money Services Bureaus (MSB), Money Transfer Operators (MTO) ( for example MoneyGram, Western Union) and exchange houses (EH) in accordance with the arrangements put in place to receive money transfers at home.

B. National Donors:

a) Cash Deposits at Bank Counters: Donors can make their donations/contributions to the fund in cash at any branch of any bank operating in Pakistan. Similarly, donations/contributions can also be made at any of the SBP Banking Services Corporation field offices. Banks and SBP BSC offices will ensure that pre-printed deposit slips are available at their counters.

b) Deposit of crossed checks in the name of the Fund in the deposit boxes of the Bank: Donors and contributors can make their donations/contributions to the Fund by depositing crossed checks in the name of the Fund in the deposit box of their respective bank. All banks are required to provide donors with a drop box at their selected branches where they can deposit their crossed checks in favor of the Fund. Banks must therefore debit the customer’s account and transfer the amount of these products daily on a consolidated basis via RTGS to the SBP.

c) Digital Channels: Donor can also use digital channels, e.g. Interbank Funds Transfer System (IBFT), RAAST, mobile banking, mobile wallets and ATMs, etc. to donate to the Fund. Commercial and microfinance banks must prominently display the Fund’s IBAN on their websites.

Banks receiving/collecting donations from overseas as well as domestic donors into the fund account should transfer the consolidated amount daily via RTGS to the SBP.

Banks must keep details of individual donors, i.e. the name of the donor, the amount of their contribution, the method of payment, etc. with them and must be made available to SBP when needed.