No proposal under consideration by the federal government to introduce polymer banknotes.
The Roshan Digital Account (RDA) has remained a popular choice for overseas Pakistanis as they use the platform to invest in the country, according to the latest data.
“Pakistan received foreign currency inflows worth $ 1.7 billion as of July 12, 2021 via GDR,” according to the latest data submitted to the upper house of parliament on Friday.
State Minister for Parliamentary Affairs Ali Muhammmad Khan informed the Senate, the upper house, that the country had received $ 1.7 billion in foreign exchange via the GDR as of July 12.
Roshan digital accounts have generated great interest from overseas Pakistanis since their launch by Pakistani Prime Minister Imran Khan on September 10, 2020. It has received a record $ 310 million in monthly deposits and 233 million dollars in Naya Pakistan Certificates (NPCs) through Roshan Digital Accounts. in June.
“By the end of June 2021, $ 1,050 million had been invested in NPCs, including $ 621 million in conventional NPCs and $ 429 million in Islamic NPCs,” said the Central Bank of Pakistan.
“There are 181,556 accounts from 171 countries around the world that have been opened under the RDA program as non-resident Pakistanis have shown interest in investing in Naya Pakistan certificates and the stock market,” according to the report. the central bank.
Responding to a question posed to the upper house of parliament, Ali Muhammmad Khan said no federal government proposal was under consideration to introduce polymer banknotes.
“The State Bank of Pakistan, as the sole banknote issuer in the country, is constantly evaluating new technologies, including a polymer substrate, to improve the security of our banknotes,” the minister said. .
Muzaffar Rizvi Business Editor / News Editor of Khaleej Times is a well-connected journalist and economic and financial commentator. He has worked in mainstream journalism since 1997, covering the economy and key sectors of the UAE. He holds a graduate degree in economics and has won numerous awards for authentic and insightful reporting on global and regional business and economic trends.
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