SBP Clarifies Reports Of Banks Rejecting Flood Donations.

The State Bank of Pakistan (SBP) on Wednesday rejected complaints on social media claiming that the banks are not accepting donations in the relief fund established by Punjab and KP provinces for flood affectees.

In a message on its Twitter handle, the central bank said that it has come to their notice that a few complaints have been circulating on social media platforms regarding non-acceptance of donations from general public in 'CM Flood Relief Fund' of KP and Punjab.

The SBP, however said that upon enquiry, the concerned banks informed that such complaints are baseless and they are accepting donations in the 'CM Flood Relief Fund' through all possible channels (including over the counter (OTC) cash transactions, online transfers and...