Karachi: The State Bank of Pakistan (SBP) is looking to attract up to USD 1 billion in investments from overseas Pakistanis through the government’s Roshan Digital Account (RDA) initiative, according to a news report published on February 25.
This information was revealed by SBP Deposit Protection Corporation Managing Director Syed Irfan Ali at the inauguration of RDA services by Dubai Islamic Bank (DIB) on Wednesday. DIB is the 10th bank in Pakistan to provide its services to overseas Pakistanis interested in taking up stocks, property, saving certificates, car finance, and mortgage financing through RDA.
Reportedly, most remittances are being received from Saudi Arabia and the United Arab Emirates (UAE). Prime Minister Imran Khan (PM) last week stated that the government had received USD 500 million through RDA.