KARACHI: The State Bank of Pakistan (SBP) has set a goal to channel $ 1 billion in investment through Roshan Digital Accounts (RDA).
In addition, the Central Bank has allowed Pakistanis overseas to invest in the British pound and the euro, regardless of their investment in the US dollar and rupee.
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Inflow receipts were recorded in the RDA of $ 500 million last week.
While speaking on the occasion, Deputy Governor SBP was of the view that overseas Pakistanis for the purpose of investment can invest in Naya Pakistan Certificates.
Commenting on the success of the RDA, the SBP Deputy Governor said international transaction fees have been drastically reduced and levied $ 5-9 instead of $ 40-50.
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An important aspect of Roshan Digital Accounts RDA is that money can be returned to accounts in which Pakistanis reside overseas without obtaining permission from a state bank.
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