Crossing $500 million for the Roshan Digital Accounts (RDA), Governor State Bank of Pakistan (SBP) Reza Baqir applauded the scheme for overseas Pakistanis.
On this occasion, the governor said:
It is a great day for us as the State Bank of Pakistan (SBP) Roshan Digital Accounts have achieved the milestone of $500 million,
He further thanked the roles played by the finance ministry, Foreign Affairs Ministry, and the Federal Board of Revenue (FBR) for paving the way for Roshan Digital Accounts.
It is said that some 88,000 Pakistanis living abroad are benefiting from Roshan Digital Accounts. “We could only anticipate how much capacity is there in these accounts,”. According to a source, the number of Pakistanis living abroad is 7 to 9 million and in just 5 months, 88,000 accounts were opened from 97 countries.
Excitingly, the governor said:
We are just at the tip of the iceberg,
He further encouraged the Overseas Pakistani to open RDA’s expressing confidence that the central bank would meet their expectations.
It is also said that the recent ordinances have solved FBR-related taxation issues for Overseas Pakistanis:
Secondly, I would like to announce the issue of excessive bank charges for Overseas Pakistani has also been resolved,
It is further informed that the Euro-dominated and British pound-dominated savings certificates and Naya Pakistan Certificates are now available.
News Desk is the author at Research Snipers covering all Pakistan news including Business, Social, Entertainment, Economy, Pak News, World News, and More. News Desk is managed by a senior editor at Research Snipers.