State Bank of Pakistan launches Roshan Digital Accounts anthem

BusinessState Bank of Pakistan launches Roshan Digital Accounts anthem

KARACHI, Pakistan: The State Bank of Pakistan (SBP) has released a special anthem, ‘Tum Juray ho to Barha hai Pakistan’ on Pakistan Day, to celebrate the tremendous contributions of Overseas Pakistanis to Roshan Digital Accounts (RDA), which resulted in the success of innovative banking solutions and the socio-economic growth of the nation.

The anthem featuring stars Shehzad Roy, Hadiqa Kiyani, and Faisal Kapadia, highlights ‘Roshan Digital Account’ an initiative of SBP, which is inspiring millions of overseas Pakistanis to make resourceful contributions to their beloved homeland.

RDA, in collaboration with reputed commercial banks, is an exclusive offer for the Non-Resident Pakistanis (NRP) and holders of Pakistan Origin Cards (POC) to promise unmatched convenience for overseas remittances and investment opportunities.

Since its launch in September 2020 till February 2022, RDA has received funds amounting to more than 3,632 million US Dollars in Pakistan, through 365,182 accounts opened by Pakistanis living in 175 countries. Another 2,494 million US Dollars of investments have also been achieved through the ‘Naya Pakistan Certificates’.

The Governor of SBP – Dr. Reza Baqir stated that; “Releasing the Roshan Digital Account anthem is an exciting milestone for us as we are gaining global financial outreach, with revolutionary facilities. For the first time in Pakistan’s history, NRPs can remotely open and operate a digital account in Pakistan, through a completely transparent, online process, without any need to visit a bank branch. This technological infrastructure promises completely secured, digital access to all conventional account services, including; funds-transfer, bills and fee payments, and e-commerce.

This initiative is in sync with SBP’s vision to provide lucrative opportunities for attracting foreign investments in shares and units of funds, in the Pakistan Stock Market. The ‘Roshan Apni Car’ facility also enables the Non-Resident Pakistanis to purchase any car of their choice, at attractive prices, and gift it to their loved ones living in Pakistan. While the ‘Roshan Apna Ghar’ scheme brings lucrative opportunities for the overseas Pakistanis, enabling them to invest in Pakistan’s property markets, including both; commercial and residential real estate.

The ‘Roshan Samaaji Khidmat’ facility enables expatriate customers to pay for charities and donations in Pakistan, using a convenient, one-stop payment platform. Naya Pakistan Certificates (NPC) issued by the Government of Pakistan, are enabling investments in US Dollars, British Pounds, Euros, and Pak Rupees at very attractive risk-free rates. It can be availed in both; conventional and Shariah-compliant forms.

Must read

Recent News

Moscow says it won’t allow US to silence UNSC on Israeli violence against Palestinians Monitoring Desk: Russian envoy in United Nations Vasily Nebenzya said that the UN Security Council should bring peace, stability and prosperity to the Middle East and Russia would not allow United States to silence UNSC over the issue of Gaza crisis. According to TASS news Agency, Nebenzya said that Moscow will continue to call for an end to violence against Palestinians and will not allow the US to muzzle the UN Security Council as Washington seeks to support Israel's operation in Gaza. "We will continue to stand firmly for ending violence against the Palestinians. Without a shadow of a doubt, we will continue to expose the abuses and sanctimony with which the US is handling the situation. We will not allow the Americans to gag the entire council with their hands in an effort to encourage further continuation of Israel's ruthless operation," he said in a speech at the Security Council.

Moscow won’t allow the US to silence the UNSC on Israeli violence against Palestinians

0
Monitoring Desk: Russian envoy to the United Nations Vasily Nebenzya said that the UN Security Council should bring peace, stability, and prosperity to the...

From Valdai to Margalla Dialogue —- All roads to Civilisations go through Islamabad

0
By Shazia Anwer CheemaThe emergent realities of global security are fundamentally transforming the frame of references and trajectorial approaches toward them. New security architecture...

12 more men in uniform embraced martyrdom for the motherland in Pakistan

0
Monitoring Desk: 12 more men in uniform embraced martyrdom for the motherland in Pakistan, said Inter Service Public Relations (ISPR) of the Pakistan Army.On...
Dr. Attia Anwar

Lifelong learning

0
By Dr. Attia AnwarAs we age, our minds and mental health become more important. We should try to maintain and improve them. Education is...
12th Defense Expo 'Ideas 2024' 'Weapons for Peace' a major step in defense diplomacy

12th Defense Expo ‘Ideas 2024’ ‘Weapons for Peace’ a major step in defense diplomacy

0
By Asghar Ali MubarakIdeas 2024, the global exhibition of defense equipment, will begin today at the Karachi Expo Center on November 19, in which...
Advertisement