Roshan Digital Account

RDA services were launched in September 2020 and as of end of October 2022 over US $5.2 billion have been deposited by oversees Pakistanis in these accounts. The facility was developed by the State Bank of Pakistan, the Pakistani central bank, on the policy initiative of the Pakistani government of PM Imran Khan, the facility continues to be operated by the central bank. ==Services ==

Overseas Pakistanis can open these accounts which are available in either rupee denomination or a foreign currency denomination (such as pound, euro or dollar). Funds in these accounts are fully repatriable (no limit on inflow or outflow of money from the accounts). Another service available for overseas Pakistanis is the ability to use this RDA facility to invest in Pakistan's stock market or buy Pakistani government bonds directly from their accounts. At the start of the initiative, eight of Pakistan's banks agreed to provide this facility to non-resident Pakistanis, including some of the largest players in Pakistani banking such as Faysal Bank, Habib Bank Limited (HBL) and United Bank Limited (UBL). As of now, 14 banks are offering Roshan Digital Account Services, both in conventional and Islamic Banking. == References ==