Envoy urges expatriates to benefit from RDAs as deposits soar to $1.25b — Pak Forums
4th June 2021 at 4:22 PM
Envoy urges expatriates to benefit from RDAs as deposits soar to $1.25b
Envoy urges expatriates to benefit from RDAs as deposits soar to $1.25b
Raza Bashir Tarar


Associated Press Of Pakistan
ISLAMABAD, Jun 4 — Pakistan High Commissioner to Canada Raza Bashir Tarar Friday urged the overseas Pakistanis to take full advantage of the incentives offered under the Roshan Digital Accounts (RDAs) being secure and profitable banking solution and mode of investment.
The high commissioner, while addressing a webinar arranged by Habib Bank Ltd, in collaboration with State Bank of Pakistan and Pakistan High Commission Canada, said the RDAs have emerged as a dependable, secure and profitable banking solution and mode of investment for the overseas Pakistanis.
Pakistan High Commissioner Raza Bashir Tarar, President HBL Muhammad Aurangzeb, Managing Director DPC, SBP Syed Irfan Ali, Pakistan Stock Exchange CEO Farrukh Khan, Consul General of Pakistan Toronto Abdul Hameed, Consul General of Pakistan Vancouver Janbaz Khan, Consul General of Pakistan Montreal Ishtiaq Ahmad Aqil also attended.
The high commissioner said an investment of up to US $1.25 billion in RDAs and repatriation of US $24.2 billion home remittances in 10 months by overseas Pakistanis manifested the trust overseas Pakistanis had in the economic policies and initiatives taken the government.
He said over 160,000 Pakistanis from 170 countries had invested US$ 1.25 billion so far in the RDAs launched by the State Bank of Pakistan last year for the nine million Pakistanis living abroad.
He said the launch of RDAs was in line with Prime Minister Imran Khan’s vision to reach out to the overseas Pakistanis and his recent interactions with the Pakistan Missions abroad.
Tarar said the subsequent stress laid by Foreign Minister Shah Mahmood Qureshi in his routine communication with the heads of Missions were aimed at giving the overseas Pakistanis confidence that the government deeply cared for and valued their contribution to the national development.
He said Pakistan High Commission Canada and all its Consulates were ready to serve the Pakistani community and provide them with hassle-free consular services.
During the webinar, it was noted that out of US $ 1.25 billion deposited by overseas Pakistanis in Roshan Digital Accounts, a handsome amount of US $ 800 million had been invested in Naya Pakistan Certificates due to best market rates available under the scheme.
It was assured that the RDAs were a secure and protected mode of investment and only the best Pakistanis banks having robust financial health and strong IT solutions had been roped in the scheme to make it a success.
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