ISLAMABAD: Prime Minister Imran Khan expressed his gratitude to overseas Pakistanis for sending $500 million to the country through Roshan Digital Accounts in just five months.
“I want to thank our overseas Pakistanis for responding so strongly to SBP’s Roshan digital accounts,” he added. The prime minister mentioned the opening of 87,883 Roshan Digital Accounts from 97 countries. “Momentum continues to rise with $243 million coming in last six weeks alone,” Imran Khan said in a tweet posted on his social media account.
I want to thank our Overseas Pakistanis for responding so strongly to SBP’s #RoshanDigitalAccounts. 87,833 accounts opened from 97 countries around the world. $500 million sent to Pakistan in just 5 months. Momentum continues to rise with $243 million coming in last 6 weeks alone
— Imran Khan (@ImranKhanPTI) February 16, 2021
Last week, State Bank of Pakistan Governor Dr Reza Baqir said that so far the country has received over $480 million in Roshan Digital Accounts (RDAs) from overseas Pakistanis. He said accounts under RDA initiative were opened in 97 countries while most of the inflows were investments in Naya Pakistan Certificates (NPCs).
The governor said that over $300m has been invested in NPCs. He added Pakistan is not only attracting investments from expatriates, but these account will also become a more consistent, reliable and long-term source of foreign exchange.
He hoped that more banks would follow suit and become part of the fast-evolving digital financial ecosystem of the country. He said the central bank is working on initiatives to provide attractive avenues of investment and savings to overseas Pakistanis.
He said RDA provides a full range of banking services and exciting investment opportunities to the Pakistani diaspora including NPCs issued by the government, as well as the stock market and real estate.
The RDAs provide innovative banking solutions to millions of NRPs and resident Pakistanis (RPs) with declared offshore assets, who need a secure and convenient facility to undertake banking payments, fund-transfers and investment activities in Pakistan from abroad.
The RDA programme is available for both conventional and Islamic banking customers around the world. Overseas Pakistanis can open the RDA digitally, anytime and from anywhere.
