Funds sent by overseas Pakistanis through RDAs crosses $200m: PM Imran

Prime Minister Imran Khan on Thursday said that funds sent by overseas Pakistanis through Roshan Digital Accounts, created by the State Bank of Pakistan, crossed $200 million yesterday.

"The pace is accelerating," PM Imran said. " First $100 million came in 76 days and the next $100 million came in only 28 days."

"I want to thank our great asset, overseas Pakistanis." the PM added.

On September 10, Prime Minister Imran inaugurated the 'Roshan Digital Account', an initiative that aims to facilitate millions of overseas Pakistanis to undertake fund transfers, bill payments and investment activities in the country.

Speaking on the occasion, he said that Pakistani diaspora is the country's biggest assets but they are often looked upon with suspicion.

"They are our best brains. Many even say they cannot become ministers or cabinet members. We need to change this attitude."

The premier said that at times "we lack expertise within the country and therefore require the services of overseas Pakistanis".

The Roshan Digital Account is a major initiative by the State Bank of Pakistan (SBP), together with eight other commercial banks operating in the country.

These banks will provide innovative banking solutions for millions of non-resident Pakistanis (NRPs) and for the first time in Pakistan's history, they will be able to open an account in any bank through an entirely digital and online process, without having to visit any bank, embassy or consulate.