SBP aims to channelise investment worth $1bn through RDA

SBP to channelise

KARACHI: The State Bank of Pakistan (SBP) has set an aim of channelising the investment of $1bn through Roshan Digital Accounts (RDA).

Moreover, the central bank has allowed the overseas Pakistanis to invest in the UK pound and euro apart from investing in the US dollar and rs.

In last week, the inflow of receipts in RDA was recorded at $500mn.

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 RDA, Deputy Governor SBP said that the charges on the international transaction cost have been reduced significantly and $5-9 are being charged instead of $40-50.

A significant aspect of the RDA is that the money can be sent back into the accounts where the overseas Pakistanis reside without taking the consent of the State Bank.

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