Pakistani expats' contribution for Dam Fund touches Rs1 billion

05:29 PM | 9 Dec, 2018
Pakistani expats' contribution for Dam Fund touches Rs1 billion
ISLAMABAD – The overseas Pakistanis have so far contributed around one billion rupees to The Supreme Court of Pakistan and the Prime Minister of Pakistan Diamer-Bhasha and Mohmand Dams Fund, reveals the State Bank of Pakistan (SBP) data.

According to the SBP, as of December 06, around Rs8.46 billion have so far been deposited by the local as well as expatriate Pakistanis to support the construction of dams since July 6. Of total donations, Rs0.99 billion was donated by the expatriates, while the local Pakistani individuals and institutions gave away Rs7.47 billion.

Chief Justice of Pakistan Mian Saqib Nisar, who took the initiative of fund collection, launched the fund on July 6 which was later joined by Prime Minister Imran Khan, making it joint venture to overcome the country's water scarcity.

The overseas Pakistanis were passionately contributing to the national cause after the prime minister appealed to the estimated nine million overseas Pakistanis, particularly those living in European countries and the United States, to contribute at least $1,000 per head to the noble cause, and warned that Pakistan could face famine-like conditions by 2025 if new water reservoirs were not built now. He also asked Pakistanis for generous donations.

The CJP also visited UK for fundraiser to avert the looming threat which may invite drought in Pakistan in coming years. Around $14 billion is required for the construction of the Diamer-Bhasha dam.

Within Pakistan, the contributions were made through cheques, cash and mobile phone message service. An amount of Rs125 million was received through the SMS services of the four cellular companies operating in Pakistan.

The overseas Pakistanis transmitted their donations through debit and credit cards and in the SBP Nostro account and commercial banks overseas. Most of the foreign donations came from Pakistanis living in the United States which is around around Rs362 million while those in Britain gave around Rs214 million. Pakistanis in Canada donated Rs107 million.

Other major donations were made by overseas Pakistanis residing in Saudi Arabia and Qatar (around Rs40 million each), Switzerland (Rs32 million), United Arab Emirates (Rs65 million) and others.

The overseas Pakistanis living in several other countries also made contributions. These states include; Afghanistan, Austria, Azerbaijan, Bangladesh, Belgium, Brazil, Brunei, China, Denmark, Dominican Republic, Finland, Fiji, India, Ireland, Jordan, Japan, Kyrgyzstan, Maldives, Malaysia, Netherland, New Zealand, Nigeria, Norway, Oman, Peru, Philippines, Russia, South Korea, South Africa, Sweden, Tajikistan, Turkey, Thailand and Tunisia.

When contacted to the Special Assistant to Prime Minister Syed Zulfikar Abbas Bukhari, he expressed pride over Pakistani diaspora working abroad to serve Pakistan and said, they always came forward to support the country in tough times. He said the confidence of the overseas Pakistanis boosted after Prime Minister Imran Khan assured them for their maximum facilitation.

The SAPM announced constitution of overseas Pakistanis Associates Committee which would be mandated to raise fund till the completion of dams. He pledged to bring in more fund from upcoming fundraisers he is scheduled to attend abroad.

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency


Currency Rates Today - Pakistani Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 14 July 2024

Pakistani currency rates against US Dollar and other currencies on July 14, 2024 (Sunday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.8 for buying and 280.75 for selling. Euro's buying rate moves up to 301.25 and selling rate is 303.15.

British Pound rate is 355.15 for buying, and 358.65 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.65.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.8 280.75
Euro EUR 301.25  303.15
UK Pound Sterling GBP 355.15 358.65
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.65 74.37
Australian Dollar AUD 184.55 186.35
Bahrain Dinar BHD 741 749
Canadian Dollar CAD 203.75 205.75
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.15 311.65
Thai Bhat THB 7.5 7.65


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