Karachi: According to a recent news report, 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.
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SBP Deposit Security Company Managing Director Syed Irfan Ali announced this details at the inauguration of RDA services by Dubai Islamic Bank (DIB). DIB is Pakistan’s tenth bank to offer its services to overseas Pakistanis who want to invest in stocks, land, savings certificates, car loans, and mortgages through RDA.
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Saudi Arabia and the United Arab Emirates are said to send the bulk of remittances (UAE). Last week, Prime Minister Imran Khan (PM) declared that the government had obtained USD 500 million in RDA funding.
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