“Roshan Digital Account” webinar held at the High Commission the Initiative Fulfils Long-Standing Demand of the Overseas Pakistanis: High Commissioner

English Official News Press Information Department

Islamabad, October 22, 2020 (PPI-OT):The High Commission organized a webinar on the “Roshan Digital Account” (RDA) initiative of the Government of Pakistan, today. It was addressed by Governor State Bank of Pakistan Dr Reza Baqir, High Commissioner Moazzam Ahmad Khan and Deputy Governor SBP Dr Murtaza Syed. About 100 participants including British MPs, bankers, CEOs, financial experts, business persons and diaspora members virtually attended the event and Q A session. Mr Shehzad Shafiq, Minister Trade moderated the webinar, says a press release received here today from London. Speaking on the occasion, Governor State Bank of Pakistan said the RDA initiative of the Government of Pakistan aims at connecting the diaspora with Pakistan financially by facilitating their remittances.

Speaking about the unique features of RDA, he said it offers flexibility in regulation without compromising on the standards and allows complete freedom to remit any amount, any time without any permission. He shared with the participants that the State Bank of Pakistan plans to introduce more such initiatives to facilitate the overseas Pakistanis. In his remarks, the High Commissioner termed Roshan Digital Account a remarkable initiative of the Government of Pakistan which not only fulfils a long overdue demand of the overseas Pakistanis but it would also go a long way in attracting remittances and investment to Pakistan.

He noted that the initiative would integrate the Pakistani diaspora into the Pakistani banking and digital payments system by providing a full range of banking services. Dr Murtaza Syed, Deputy Governor SBP made a detailed presentation on key features and benefits of Roshan Digital Account. Mr Zulfiqar Khakhar, Head of Pakistan Remittances Initiative also spoke about a wide range of benefits for remitters/beneficiaries under the initiative. Under RDA, State Bank of Pakistan is collaborating with 08 commercial banks operating in Pakistan in which overseas Pakistan can open their accounts. All relevant information is accessible on State Bank of Pakistan’s website: https://www.sbp.org.pk/RDA/index.html

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