March 7, 2021: The Embassy of Pakistan, Brussels in collaboration with Habib Bank Limited (HBL) and the State Bank of Pakistan (SBP), organized a webinar on “Roshan Digital Account” (RDA) on March 6, 2021, says a press release received from Brussels.
The webinar, titled “Bridging Distances” was organized to raise awareness among the Pakistani diaspora in Belgium and Luxembourg about the features and advantages of the RDA scheme. The webinar was addressed by the Ambassador of Pakistan to Belgium, Luxembourg and the European Union, Zaheer A. Janjua, HBL Chief Operating Officer Mr. Sagheer Mufti and SBP Managing Director Syed Irfan Ali.
Speaking on the occasion, Ambassador Janjua termed RDA a timely initiative of the Government, which would integrate the diaspora into Pakistani banking and digital payments system by providing them a full range of banking services. He noted that this initiative had seen remittances of more than US$ 500 million in the past 5 months through opening of 93,000 accounts worldwide.
The Ambassador highlighted that during the first seven months of the current financial year (2020-21), remittances from Belgium and Luxembourg had increased by 305.6 percent to US$ 136.4 million. He underscored that this was the highest percentage increase and highest per capita remittances among the EU countries.
The Ambassador thanked the diaspora for the record increase in flow of remittances and hoped that this trend would continue in the future. The Chief Operating Officer, HBL, Sagheer Mufti, spoke about a wide range of benefits for the beneficiaries under the initiative. The Managing Director SBP, Syed Irfan Ali also made a detailed presentation on key features and benefits of Roshan Digital Account.
The virtual interaction was attended by a broad cross section of Pakistani diaspora based in Belgium and Luxemburg, including bankers, financial experts, business-persons, students, academia, and media. The participants actively participated in the discussion, asked questions about the scheme and appreciated the initiative. Prime Minister Imran Khan inaugurated the Roshan Digital Account scheme, in September, 2020 to provide innovative banking solutions to millions of non-resident Pakistanis.
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