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    Diamer Basha and Mohmand Dam Fund to be establised immediately

    Chitral Times Report

     

    ISLAMABAD: It has been decided to establish/open with immediate effect a fund to be known as “DIAMER BASHA AND MOHMAND DAM FUND-2018” for raising funds for the construction of aforementioned dams in the country, says a letter received from Finance Division (PF. Wing) here today. All proceeds on account of “DIAMER BASHA AND MOHMAND DAM FUND-2018” and payment into the aforesaid Fund will be received at all branches of State Bank of Pakistan, All Treasuries and Branches of National Bank of Pakistan and all other Scheduled Banks. The Fund may receive donations from both domestic, international donors and contributions from abroad which will be received at all branches of above referred banks where such branches exist. In other foreign countries contributions will be received at Pakistan Missions and remitted to the State Bank of Pakistan which would prescribe necessary accounting procedure. All proceeds received in the name of the Funds shall be credited to the public Account of the Federal Government under following heads of account: Major Object G12 Special Deposit Fund Minor Object G124 Development Fund Detailed object (New) G12421 Diamer-Basha and Mohmand Dam Fund-2018 Accounts of the Fund will be maintained by Accountant General of Pakistan Revenues Islamabad and Fund will be administered by the Registrar Supreme Court, for the time being and till further orders by the Apex Court in this regard.

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