{"id":58611,"date":"2019-12-12T18:19:13","date_gmt":"2019-12-12T13:19:13","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=58611"},"modified":"2019-12-12T18:19:13","modified_gmt":"2019-12-12T13:19:13","slug":"sc-instructs-sbp-to-assist-overseas-pakistan-in-contributing-to-dam-fund","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sc-instructs-sbp-to-assist-overseas-pakistan-in-contributing-to-dam-fund.html","title":{"rendered":"SC instructs SBP to assist overseas Pakistan in contributing to dam fund"},"content":{"rendered":"<p>Islamabad: The Supreme Court (SC) has directed the State Bank of Pakistan (SBP) to remove any obstacles that hinder the transfer of donations made by overseas Pakistanis for the dam fund, according to a news source. The apex court also instructed the premier bank to submit a report on the matter in the next case hearing \u2013 scheduled to take place in four weeks\u2019 time.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/overseas-pakistanis-pledge-usd-2-5-million-to-dam-fund.html\" target=\"_blank\" rel=\"noopener noreferrer\">Overseas Pakistanis pledge USD 2.5 million to dam fund<\/a><\/p>\n<p>The verdict was given by the court\u2019s five-member bench headed by Justice Gulzar Ahmed \u2013 who was hearing a case on the Diamer-Bhasha Dam.<\/p>\n<p>Justice Ahmed said that while overseas Pakistanis are eager to contribute to the <a href=\"https:\/\/www.zameen.com\/news\/bank-charges-on-donations-made-for-dam-funds-abolished.html\" target=\"_blank\" rel=\"noopener noreferrer\">dam fund<\/a>, the banks were not collecting the donations. He asked the SBP to look into the complaints. He also made a mention of the reports on \u2018huge amount\u2019 of donations made by overseas Pakistanis that haven\u2019t been transferred to Pakistan.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/dam-fund-crosses-the-pkr-10-billion-mark.html\">Dam Fund crosses the PKR 10 billion mark<\/a><\/p>\n<p>The SC bench directed the SBP and all other banks in Pakistan to remove the obstacles causing hurdles in the transfer of money and bring the amount back. Justice Gulzar also said that despite the directive of the SC, the private banks weren\u2019t collecting donations for dams.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/sbp-ordered-to-transfer-dam-funds-to-nbp.html\" target=\"_blank\" rel=\"noopener noreferrer\">SBP ordered to transfer dam funds to NBP<\/a><\/p>\n<p>The National Bank of Pakistan (NBP) shared a record of investments with the SC on <a href=\"https:\/\/www.zameen.com\/news\/sc-looking-to-invest-dam-funds-in-govt-securities.html\" target=\"_blank\" rel=\"noopener noreferrer\">investments <\/a>made by the banks using donations submitted in the dam fund. The NBP is expected to reap a profit from the PKR 12 billion sum collected in the dam fund by February 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Supreme Court (SC) has directed the State Bank of Pakistan (SBP) to remove any obstacles that hinder the transfer of donations made by overseas Pakistanis for the dam fund, according to a news source. The apex court also instructed the premier bank to submit a report on the matter in the next case hearing \u2013 scheduled to take place in four weeks\u2019 time. Read:\u00a0Overseas Pakistanis pledge USD 2.5 million to dam fund The verdict was given by the court\u2019s five-member bench headed by Justice Gulzar Ahmed \u2013 who was hearing a case on the Diamer-Bhasha Dam. Justice Ahmed said that while overseas Pakistanis are eager to contribute to the dam fund, the banks were not collecting the donations. He asked the SBP to look into the complaints. He also made a mention of the reports on \u2018huge amount\u2019 of donations made by overseas Pakistanis that haven\u2019t been transferred to Pakistan. Read:\u00a0Dam Fund crosses the PKR 10 billion mark The SC bench directed the SBP and all other banks in Pakistan to remove the obstacles causing hurdles in the transfer of money and bring the amount back. Justice Gulzar also said that despite the directive of the SC, the&hellip;<\/p>\n","protected":false},"author":68,"featured_media":45490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14400],"persona":[],"class_list":{"0":"post-58611","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-sc-instructs-sbp-to-assist-overseas-pakistan-in-contributing-to-dam-fund"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SC instructs SBP to assist overseas Pakistan in contributing to dam fund - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Supreme Court (SC) has directed the State Bank of Pakistan (SBP) to remove any obstacles that hinder the transfer of donations made by\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sc-instructs-sbp-to-assist-overseas-pakistan-in-contributing-to-dam-fund.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SC instructs SBP to assist overseas Pakistan in contributing to dam fund - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Supreme Court (SC) has directed the State Bank of Pakistan (SBP) to remove any obstacles that hinder the transfer of donations made by\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sc-instructs-sbp-to-assist-overseas-pakistan-in-contributing-to-dam-fund.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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