If the payback is not made in one go and one wishes to make this payment in instalments, the banks charge at a huge rate of 30 to 45 percent per annum.
The State Bank of Pakistan and the Federal Government are requested to direct the card-issuing banks to provide possible relief to the donors by diminishing their mark-up rate to the normal bank rate ie KIBOR+2, specifically for the earthquake donations.
This relief to the donors will surely attract a large number of donors to make donations generously and much comfortably, On the other hand, the banks will also earn tremendous amount due to huge increase in this business.
It is hoped that the matter will be given due consideration in the interest of the donors and particularly the sufferers.