Roshan Digital Accounts set to pave way for sustainable growth
Muzaffar Rizvi/Dubai Filed on May 11, 2021
From left: President of the Pakistan Business Council (Dubai) Ahmed Sheikhani; managing director of Champion Neon Shabbir Merchant; State Bank of Pakistan governor Dr Reza Baqir and businessman Imran Chaudhary at the event in Dubai on Tuesday. KT photo
Pakistan has received more than $1.1 billion foreign exchange inflows through 133,000 digital accounts opened by overseas Pakistanis across 170 countries worldwide since the scheme was introduced in last September
Pakistan pins high hopes on the successful Roshan Digital Account scheme to achieve financial stability that will pave the way for a sustainable long-term economic growth of the country, says a top official.
BOP launches ‘First Free Roshan Digital Account’ for NRPs
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May 9, 2021
LAHORE: The Bank of Punjab (BOP) has launched ‘First Free Roshan Digital Account’ after a rigorous process of monitoring and inspection over a few months to ensure protection of customer interest.
State Bank of Pakistan (SBP) gave its approval to BOP to launch ‘First Free Roshan Digital Account (RDA)’ to join an elite group of banks to launch this Digital Initiative for the non-resident Pakistanis (NRPs), says a press release on Saturday.
Roshan Digital Account is a revolutionary initiative spearheaded by the SBP. For the first time in Pakistan’s history, NRPs are being provided an opportunity to remotely open and operate bank accounts in Pakistan through an entirely digital and online proposition. RDA has attracted over $1 billion in a relatively short period of time.