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Overseas Pakistanis Sent $400 Million Through Roshan Digital Accounts in Four Months


Overseas Pakistanis Sent $400 Million Through Roshan Digital Accounts in Four Months
Foreign exchange inflows through the Roshan Digital Accounts (RDAs) have reached $400 million within four months, the State Bank of Pakistan (SBP) informed in a statement to a national daily.
RDAs is an initiative by SBP, and it aims to attract investments by Pakistanis living abroad by offering much higher returns on deposits compared to the returns in developed economies.
The RDAs have been launched to enable Non-Resident Pakistanis (NRPs) to remotely open bank accounts in Pakistan through online digital portals without physically visiting branches.
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The SBP also stated that so far, 80,000 RDAs have been opened, without detailing the country or the region that contributed most to this number. However, it may be expected that the highest amount of accounts have come from the Gulf region, considering that approximately 65 percent of the total remittances to Pakistan co ....

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'Aaj Shahzeb Khanzada Kay Sath' : Interest rate to be maintained: SBP governor


National
January 23, 2021
KARACHI: Governor State Bank Reza Baqir Friday said it has been decided to maintain interest rate during the Monitory Policy Committee meeting, adding that the SBP is to issue forward guidance.
In Geo’s programme ‘Aaj Shahzeb Khanzada Kay Sath’, the SBP governor said the forward guidance was issued to increase the trust of businessmen and investors. He said the Monitory Policy Committee thought to issue the forward guidance as we have been feeling confidence of our economy. He said some have reservations as after entering IMF programme, previous steps might be repeated but through issuing the ‘forward guidance’, we indeed conveying a message that monitory decisions would not be taken like the past. He said some decisions would have been taken to improve current account and physical deficits. ....

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Aaj Shahzeb Khanzada Kay Sath': Interest rate to be maintained, says SBP governor


National
January 23, 2021
KARACHI: Governor State Bank Reza Baqir Friday said it has been decided to maintain interest rate during the Monitory Policy Committee meeting, adding that the SBP is to issue forward guidance.
In Geo’s programme ‘Aaj Shahzeb Khanzada Kay Sath’, the SBP governor said the forward guidance was issued to increase the trust of businessmen and investors. He said the Monitory Policy Committee thought to issue the forward guidance as we have been feeling confidence of our economy. He said some have reservations as after entering IMF programme, previous steps might be repeated but through issuing the ‘forward guidance’, we indeed conveying a message that monitory decisions would not be taken like the past. He said some decisions would have been taken to improve current account and physical deficits. ....

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PM Imran Khan happy expats' response to Roshan Digital Accounts 'accelerating'


PM Imran Khan pleased with accelerating response to Roshan Digital Account
By
Thursday Dec 24, 2020
Prime Minister Imran Khan referred to the Pakistani expats as great assets of the country. Photo: Geo. tv/File
The Prime Minister says pace of contribution is accelerating.
The first $100m came in 76 days and the next $100m came in only 28 days.
Roshan Digital Accounts enable overseas Pakistanis to operate digital accounts in Pakistan from abroad.
ISLAMABAD: Prime Minister Imran Khan appreciated on Thursday the overseas Pakistanis for their overwhelming response to the Roshan Digital Accounts initiative by the government.
He announced that the deposit amount in the Roshan Digital accounts had crossed $200 million. ....

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