The rumors are being spread on social media especially on Twitter that overseas Pakistanis have withdrawn or closed their Rosan Digital Bank Account and a result of this almost $1 billion is outflowed from RDA account.
Raza Baqir, Gover State Bank issued a video message to reject such rumors and stated that Overseas Pakistanis sent a record remittance in RDA account of $290 Million that surpass all previous months’ records.
Further, he told that State Bank is keen to add more services in RDA accounts for overseas Pakistanis. This time SBP is adding health and life insurance for the overseas Pakistanis and their relatives living in Pakistan.
Earlier to this RDA account holders can avail of auto loans, house loans, investment opportunities in Naya Pakistan certificate, Pakistan stock exchange, real estate and the money market.
Raza Baqir further announced that Roshan Digital Account is a successful initiative of the Govt of Pakistan and until now it has received $4 Billion by overseas Pakistan.
As a matter of discussion on Twitter, many overseas Pakistanis who are PTI supporters showed their willingness to close their RDA accounts to teach a lesson to this PML-N Govt. As a result of such comments on Twitter, the rumor spread that overseas Pakistanis have withdrawn or closed their RDA accounts and almost $1 Billion is outflowed.
But Raza Baqir in his video message denied all such rumors and communicated good news for overseas Pakistanis regarding life and health insurance as part of RDA accounts in the near future for overseas Pakistanis’ relatives living here in Pakistan.
DRA accounts have provided big support to foreign reserves held with SBP which now stand at $17 billion. If overseas Pakistanis withdraw their money or close RDA accounts then it will be a big jerk for the foreign reserves of Pakistan and the current account deficit may widen more and it may be very harmful to the country.
watch the video message of Governor state bank at SBP Youtube Channel