SBP allows remittances for flood relief

Published September 15, 2022
Internally displaced flood-affected people take refuge at a makeshift camp in Dadu district of Sindh province on September 14. — AFP
Internally displaced flood-affected people take refuge at a makeshift camp in Dadu district of Sindh province on September 14. — AFP

KARACHI: With a view to facilitating the stakehol­ders in providing relief and rehabilitation support to the affectees of torrential rains and flash floods across the country, the State Bank of Pakistan has decided to allow foreign remittances on account of donation and charity through home remi­ttance channel with immediate effect.

According to an SBP circular, for consumers to business, there is no limit for donations and charity provided the donations and charity are received in designated federal, provincial and local government bank accounts.

Also, there is no limit for donations and charity received in bank accounts of NGOs/NPOs/Charities permitted to receive contributions from abroad in accordance with applicable law and policy.

For business-to-business, donations and charity have no limit provided these are received in designated federal, provincial and local government bank accounts.

Donations and charity received in bank accounts of NGOs/NPOs/Charities were permitted to receive contributions from abroad in accordance with applicable law and policy, said the SBP circular.

Published in Dawn, September 15th, 2022

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Drawdown
Updated 20 May, 2025

Drawdown

There is a strong incentive for reinforcing the military drawdown with some soft measures.
Unusual benchmarks
20 May, 2025

Unusual benchmarks

THE IMF has slapped Pakistan with several ‘new’ structural benchmarks — some of them quite unusual — under...
Celebrating Sirbaz
20 May, 2025

Celebrating Sirbaz

SIRBAZ Khan has achieved what no other Pakistani has before him. The scale of his accomplishment also makes him one...
Famine in waiting
Updated 19 May, 2025

Famine in waiting

Without decisive action, Pakistan risks falling deeper into a chronic cycle of hunger and poverty. Food insecurity is most harrowing in Gaza.
Erratic policy
19 May, 2025

Erratic policy

THE state needs to make up its mind on the import of used vehicles. According to recent news reports, the FBR may be...
Overdue solace
19 May, 2025

Overdue solace

LATE consolation is a norm for Pakistanis. Although welcome, a newly passed bill that demands tough laws and...