The Governor of the State Bank of Pakistan Reza Baqir has hinted at the possibility of introducing life and health insurance for the relatives of out of country Pakistanis who are able to take advantage of these benefits under Roshan Digital Account. Roshan Digital Account.
In an audio message, he stated that the range of services will increase for foreign Pakistanis and their families for using Roshan Digital Accounts as well as its many features.
Roshan Digital Account set up to allow foreign Pakistanis to send remittances quickly to their families. A variety of services offered by the account have been launched within less than a year such as home and auto financing, investment services that are based on Pakistan Stock Exchange (PSX) as well as Government Bond and Securities.
Reza Baqir has expressed thanks to foreign Pakistanis to their overwhelming support to the use of Roshan Digital Accounts and its features.
More than $4 billion was taken in the framework of RDA by 4 million accounts belonging to 175 countries over the course of one and two-and-a-half years.
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Reza Baqir has denied rumors spread via social networks that RDA had a cash outflow of $1-2 billion to RDA.
RDA receives highest monthly inflows of $290 million in March
In March 2022, the total monthly inflows of remittances into Roshan Digital Accounts was the highest monthly amount ever, $290 million.
The governor reaffirmed that the program of RDA will not stop, but will continue to offer diverse services to overseas Pakistanis with the latest features including products, commercial banks.
Roshan Digital Account is most convenient method for foreign Pakistanis to make banking transactions and investing, he stated.
RDA is a program that is part of State Bank of Pakistan (SBP) working in conjunction and commercial bankers, said the banker.
