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  • Oct 25th, 2005
  • Comments Off on ‘Business groups donate Rs 7.1 billion for quake victims’
222 business groups have donated Rs 7.1 billion in the domestic funding for earthquake victims while others are responding to the appeal, chairman of the cabinet committee on fund raising from business community Dr Abdul Hafeez Shaikh said here on Monday.

He said as on October 24, Rs 5271.27 million has been raised for the President's Relief Fund; Rs 136.20 million to other relief funds and the raise in contributions in kind were worth Rs 1671.13 million.

He requested donors to indicate worth of the goods at the time of their handing over, as most of the people did not indicate their value, which was essential to compare remaining requirements.

Dr Hafeez Shaikh appealed to remaining business groups not to make unnecessary delay in their contributions in cash and kind, as the advent of winter was a big threat for the victims, particularly the children and the old age persons. Timely response toward the President's Relief Fund and other funds would help to speed up rescue and rehabilitation efforts, he said.

He further stated most of the companies, which earlier made contributions on the appeal of the cabinet committee, have further increased the value of their donations.

These included National Bank of Pakistan, Rs 100 million for President's Relief Fund (PRF) & Rs 65 million in kind for helicopters, 100 trucks, one day salary of employees and reconstruction of houses of effected employees; Pakistan Telecommunication Company Limited, Rs 40 million for PRF & Rs 20 million in kind; Sui Southern Gas Company, Rs 25 million for PRF; Sui Northern Gas Company Limited, Rs 25 million for PRF.

He said donations made by new individuals and companies include Prince Walid bin Tala (Rs 320 million); Jahangir Siddiqui & Co Limited (Rs 15 million); Air Blue (Rs 10 million); NIT (Rs 5.24 million); Bosicor Pakistan Limited (Rs 3.3 million) and Rs 1 million each by Synthetic Products Enterprises (Pvt) Limited, CNG Station Owners Association of Pakistan and Petrosin Energy (Pvt) Limited, while Interstate Gas System (Pvt) Limited and A&N Trimmings Limited, HIC in HK have respectively contributed Rs 0.6 million and Rs 0.1 million.

The privatisation ministry is working as unofficial secretariat of the committee while privatisation secretary M. Tehsin Khan Iqbal is the co-ordinating secretary for the task.

Other members include commerce minister Humayun Akhtar Khan, telecommunications minister Owais Ahmad Khan Leghari, textiles minister Mushtaq Ali Cheema, industries minister Jehangir Khan Tareen, adviser to prime minister on finance Dr Salman Shah, minister of state for privatisation Umar Ahmed Ghumman, minister of state for commerce Hamid Yar Hiraj and minister of state for finance Umar Ayub.

Copyright Business Recorder, 2005


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