ISLAMABAD - More than nine billion rupees have so far been collected for construction of dams with 13pc being foreign currency component having been transmitted by overseas Pakistanis.
According to the State Bank of Pakistan (SBP) website, the Supreme Court of Pakistan & Prime Minister of Pakistan’s Diamir-Bhasha and Mohmand Dam Fund Account status of receipt up to January 4 shows a total collection of Rs9,055,405,000 from Pakistan and abroad.
Of these deposits, a sum of Rs7,871,439,269 was collected from Pakistan while an amount of Rs1,183,965,731 was donated by Pakistani expatriates and others living abroad.
Conversion of foreign contributions of Rs1,183,965,731 into American currency comes to $8,465,968 at the rate of Rs139.85 per dollar. Pakistanis living in fifty-two countries and others gave donations, according to the SBP.
The groundbreaking of the Mohmand Dam will be held any time and the project will be built at a cost of Rs309 billion by a consortium of a Pakistani engineering firm and a Chinese company, which have won the bid.
Among the foreign donations, the largest amount was contributed by the Pakistanis living in the United States. They donated a total of Rs439,659,158 or $3,143,790.
Pakistani expatriates residing in Canada gave Rs115,178,071, in Britain Rs234,291,128, in Saudi Arabia Rs104,524,884, in UAE Rs67,556,162, in Switzerland Rs67,556,162, in South Africa Rs67,556,162, in Qatar Rs41,288,570, in Germany Rs22,286,632, in Australia Rs13,850,915, in Bahrain Rs2,382,380, in Hong Kong Rs14,483,204, in Italy Rs2,243,585, in Kuwait Rs6,567,617, in Japan Rs5,816,600 and in France Rs5,816,600.