ROLE OF BANKS TO HELP THE FLOOD AFFECTED PEOPLE IN PAKISTAN

by Dr Ali Akbar Dhakan, Karachi, Sindh

Since denationalization, liberalization and privatization of banks in Pakistan mostly 1980s, the private banks and foreign banks have earned Trillions of Rupees as profit yearly. At present there are 4 bank in public sector, 4 specialized banks, 25 private local banks, 7 foreign banks, 8 development financial institution and 7 micro finance banks.Since their start, they have earned not less than about 20 billion each every year. If we see their performance they have done no service for the common people of Pakistan .They have earned their profit for their owners (Seths ) and they keep that money in foreign countries for their future safety and children and families to live abroad with luxuries and lavish expenditures .In the days of tragedy and calamities throughout the country Pakistan, they must have felt their utmost duties and responsibilities to bring back all the money kept by them in the foreign countries and donate at least rupees 2 billion each bank to rehabilitate and accommodate our devastated people who are bravely facing with the hardships and odd times in the floods.

God knows when they will be back to their homes and resettle themselves in their original hearths and homes, places and towns .It is expected coming three months will be their abode in the displaced areas and they will need food, cloths, medicines, education and other social amenities and facilities so that they can survive their existence .The richer class of the country may also have mercy on the poor condition of these people and bring back all the money and bring all the monies kept in the foreign banks and invest them for the well-being and betterment of these affected people.

August 17, 2010

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