Regulatory Alerts2025-09-09 | FD Circular Letter No.03 of 2025Added · Updated
Prime Minister’s Relief Fund for Flood, Earthquake and Other Calamities
Commercial and microfinance banks must collect donations for the Prime Minister’s Relief Fund via cash, cheques, and digital channels, crediting all funds to the designated State Bank of Pakistan IBAN. Banks are required to enable internet, mobile, and wallet applications for donations, remove transfer limits, and prominently display the fund's IBAN across all branches and digital platforms. Overseas remittances are to be processed through the National Bank of Pakistan using specific beneficiary details, with funds subsequently surrendered to the SBP principal account. Banks must maintain individual donor records, share weekly donation details with the National Disaster Management Authority, and treat these transactions under a fee-based model rather than reimbursement schemes.