Roshan Digital Accounts: PM thanks Pakistani diaspora for their positive response to SBP

Arhama AltafWeb Editor

16th Feb, 2021. 07:24 pm
Roshan Digital Accounts

Over 86,000 overseas Pakistanis in 97 countries have opened their Roshan Digital Accounts.

State Bank of Pakistan (SBP) Governor Reza Baqir on Friday said that over $480 million have been deposited in Roshan Digital Accounts so far by the overseas Pakistanis.

In this regard, Prime Minister Imran Khan has on Tuesday thanks the Overseas Pakistanis for responding so strongly to SBP’s move. 

In a tweet today, the premier wrote, “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.”

PM Imran had earlier directed the NBP to launch Roshan Digital Accounts to facilitate the Pakistani expats.

Earlier on December 24, PM Imran had taken to Twitter to thank overseas Pakistanis for remitting over $200 million through Roshan Digital Accounts.

“I want to thank our great asset, Overseas Pakistanis. MashaAllah funds sent by them through #RoshanDigitalAccounts created by SBP crossed $200 mn yesterday. The pace is accelerating: first $100 mn came in 76 days & the next $100 mn came in only 28 days,” he had written.

What is Roshan Digital Account?

According to the Central Bank, This account is a major initiative by SBP to provide innovative banking solutions for millions of Non-Resident Pakistanis (NRPs) seeking to undertake banking, payment and investment activities in Pakistan.

How to Open the Account?

Opening the account will require only a basic set of information and documents. Banks have been asked to complete all necessary customer due diligence within 48 hours.

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