Roshan Digital Accounts Updates

[Catalystic]

My RDA is in pkr anyways, snd now its almost empty…..using a local current account instead!

 

[Pakstallion]

My RDA is in pkr anyways, snd now its almost empty…..using a local current account instead!

Sorry to hear that my friend. Pak at lowest point since onset of COVId with uncertainty. Keep in PKR. Things should get better when IK comes back in few months. Pak at verge of takeoff. I will be putting money in stock market at that time also

 

[ghazi52]

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SBP, govt refute 'baseless' claims on proposal to restrict foreign currency accounts​

• Ministry of Finance and central bank's joint statement comes in response to claims on social media that govt was considering putting restrictions on withdrawals from Foreign Currency Accounts, Roshan Digital Accounts and Safety Deposit Lockers....

BR Web Desk
06 Jun, 2022

The Ministry of Finance and the State Bank of Pakistan (SBP) on Monday refuted “baseless claims” circulating on social media regarding foreign currency accounts, Roshan Digital Accounts (RDAs) and safety deposit lockers.

In a joint statement, the Government of Pakistan and the central bank assured all account holders maintaining foreign currency accounts, Roshan Digital Accounts (RDA) and safety deposit lockers in banks in Pakistan that their accounts and lockers are completely safe, and that there is no proposal under consideration to put any restriction on them.

“Rumors are circulating on social media that the government or State Bank is considering freezing or placing restrictions on withdrawals from foreign currency accounts, Roshan Digital Accounts and safety deposit lockers.

“Such rumours are absolutely incorrect and baseless,” read the statement.
The government clarified that such a proposal has neither been considered presently nor in the past.

"Moreover, foreign currency accounts including Roshan Digital Accounts are legally protected under the Foreign Currency Accounts (Protection) Ordinance 2001, and the Government and the State Bank are committed to protecting all the financial assets in Pakistan including the ones mentioned above.

It said that the government and SBP are taking all necessary measures to ensure macroeconomic stability in the country.

"The recent difficult decisions taken by the government, including the reduction of subsidy on petroleum products, will pave the way to reach an agreement with the International Monetary Fund (IMF) and release of the IMF tranche and financial assistance from other multilateral agencies and friendly countries.

"We are confident that these measures will relieve the temporary stress being faced due to elevated global commodity prices and geo political tensions, and eliminate uncertainty in the economy."

The statement comes as Pakistan's economy faces difficulties on multiple fronts, including a widening current account deficit and repayments on external debt. With the removal of energy subsidies, inflation is also likely to increase its pace in the coming months. Additionally, pressure on the rupee is likely to sustain, and on Monday, the rupee shed 1.07% of its value against the US dollar.

Amid such an economic scenario, rumours started to circulate on social media that a proposal to put restrictions on withdrawal of foreign currency from bank accounts was being considered to stop the outflow of dollars.

 

[ghazi52]

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[Abdul Rehman Majeed]

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View attachment 855720

IK fans lies have been exposed.

 

[Pakstallion]

IK fans lies have been exposed.

What lies? Are you talking of mere 57 million moved to RDA in a day trumpeted all over media? Chump change for PMLN gang. The last month inputs were less compared to rate. RDA is brainchild of IK and Reza Baqir. Forex of overseas Pakistanis is something every Pak leader has wanted to have some way to bring to Pakistan - for 30 years - first one who could do it was IK

 

[TacOps]

IK fans lies have been exposed.

That's receipts, not sure that's the balance.

@ghazi52: what is the source?

 

[AZ1]

IK fans lies have been exposed.

$150-$190 million short from april to onwards each month?

 

[salman77]

Is there a way to transfer money from Roshan Digital Account to regular account?

 

[ghazi52]

Is there a way to transfer money from Roshan Digital Account to regular account?

MAY BE THIS WILL HELP YOU.

State Bank of Pakistan

Roshan Digital Account

www.sbp.org.pk

 

[salman77]

I've an account at MCB and I'm having a hard time transferring money from Roshan Digital Account to another account in the same bank. Did anyone else experience the same problem?

 

[ghazi52]

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Foreign currency inflows through Roshan Digital Accounts (RDAs) — which is a banking facility for overseas Pakistanis to operate digital accounts — crossed the $6 billion mark, The News reported Saturday citing the State Bank of Pakistan (SBP).

“Roshan Digital Account has reached a new milestone as the total inflows have crossed $6 billion. We thank our overseas Pakistanis for their continuous trust in making SBP’s Roshan Digital Account a huge success,” the central bank said on Twitter.

According to the SBP, the cumulative RDA deposit inflows reached $6.005 billion as of April 7, 2023.

 

[Olympus81]

Total inflows and net position (total inflows - total outflows) is very different.

There is a possibility RDA is almost depleted.