Prime Minister Imran Khan today (Thursday) announced two new schemes for Pakistanis abroad.
At a function here in the capital, the Prime Minister thanked SBP Governor Raza Baqir for his role in implementing the two schemes. Enlighten your car and enlighten social service.
Prime Minister Imran Khan directed the government to enlist the help of Finance Minister Shaukat Tareen and said that the minister was an expert in marketing aspects of products and assets.
The Prime Minister urged his economic team to keep thinking of “out of the box” solutions to support Pakistan’s economy until its exports equal its imports.
He appreciated the record increase in remittances from Pakistanis abroad over the years, adding that it was just “the tip of the iceberg”.
He praised Pakistani residents for their role in supporting Pakistan’s economy over the years.
“Overseas Pakistanis have been keeping our economy afloat for many years,” he said, adding that he has been in touch with overseas Pakistanis in his cricketing days for the past 50 years.
In a message to Pakistani embassies around the world, Prime Minister Imran Khan said his “most important duty” was to look after the affairs of Pakistani workers in those countries.
He said the Pakistani embassy in Saudi Arabia had not taken care of the workers, adding that a “high-powered” investigation would be launched into the matter and exemplary punishments would be given to those found guilty.
Prime Minister Imran Khan said he had received reports that embassy staff was taking bribes from Pakistani workers in Saudi Arabia.
‘Enlighten your car and enlightened service’
Earlier, PTI Senator Faisal Javed Khan went into detail about the success of the RDA and its implications.
The PTI senator tweeted, “Prime Minister Imran Khan today.
Today PM Imran Khan will address overseas Pakistanis in connection with #RoshanDigitalAccount reaching a great milestone of 1 Billion Dollars. RDA was launched just 7 months ago, with the objective of connecting NRPs to Pakistan's Banking System completely digitally.
— Faisal Javed Khan (@FaisalJavedKhan) April 28, 2021
“Today, more than 120,000 accounts have been opened in 170 countries around the world, with a risk of over 1 1 billion. Investment in New Pakistan Certificates has exceeded 64 646 million. Stocks through RDA Investment in the exchange has crossed PKR 1.6 billion, he wrote in a subsequent tweet.
Today PM Imran Khan will address overseas Pakistanis in connection with #RoshanDigitalAccount reaching a great milestone of 1 Billion Dollars. RDA was launched just 7 months ago, with the objective of connecting NRPs to Pakistan's Banking System completely digitally.
— Faisal Javed Khan (@FaisalJavedKhan) April 28, 2021
Javed announced the names of two new schemes of Prime Minister Imran Khan.
“This milestone is a testament to the belief that there are NRPs in Pakistan and that Prime Minister Imran Khan led the PTI government.
Roshan Car
He tweeted, “Bright social service,”
Today more than 120,000 accounts have been opened from 170 countries around the world and more than 1 Billion Dollars have been received. Investment in Naya Pakistan Certificates has crossed 646 Million Dollars. Investment in Stock Exchange through RDA has crossed PKR 1.6 Billion
— Faisal Javed Khan (@FaisalJavedKhan) April 28, 2021
he said
With the “Roshan Apni Kar” scheme, Pakistanis abroad will be able to buy cars for their loved ones at very attractive rates.
“Now the RDA holder
This milestone is a testament to faith that NRPs have in Pakistan & PM Imran Khan led PTI Govt. To enrich #RoshanDigitalAccount scheme further, today 2 new initivates are being launched for RDA holders:
Roshan Apni Car
Roshan Samaaji Khidmat— Faisal Javed Khan (@FaisalJavedKhan) April 28, 2021
The Senator said that it has now become possible for Pakistanis abroad to easily make donations by visiting the portals of the banks and selecting the amount and amount of money they want to pay.
Now RDA holders can avail financing under #RoshanApniCar at very attractive terms to purchase a car for their loved ones in Pakistan. Banks are offering both conventional & Islamic modes of financing at attractive mark-up rates starting from 7% with priority delivery.
— Faisal Javed Khan (@FaisalJavedKhan) April 28, 2021
Prime Minister Imran Khan has on several occasions called Pakistanis abroad “the country’s biggest asset” and vowed to formulate policies that would benefit them.
In the last few months, the Prime Minister has entrusted his government with the task of bringing electoral reforms, which will allow Pakistanis abroad to vote in the next general elections as well.
Launch of Roshan Digital Account
Roshan Digital Account is an initiative of the State Bank of Pakistan to cater to the banking needs of Pakistanis abroad so it is easier for them to invest in their home country.
In September last year, Prime Minister Imran Khan launched the initiative. A press release issued by the Prime Minister’s Office last year said, “This is the first time in the history of the country that a Non-Returning Pakistani (DRP) account has been created through a fully digital and online process without any need.” Visit a bank branch, embassy, or consulate. ”
It is written in the statement
“The user can choose an account under any foreign currency or rupee. Or funds in both accounts will be repatriated in full without the need for any formal approval.”
Speaking to Bloomberg last year, SBP Governor Dr. Raza Baqir said the move would allow overseas Pakistanis to invest in local stock markets, buy government bonds and securities and access basic banking services.
The SBP boss added that at least eight Pakistani banks would facilitate Roshan digital accounts and allow Pakistanis abroad to deposit funds in US dollars or Pakistani rupees.
