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Fake News: SBP rejects claims of large withdrawals from Roshan Digital Accounts

06:53 PM | 11 Apr, 2022
Fake News: SBP rejects claims of large withdrawals from Roshan Digital Accounts
Source: File photo

ISLAMABAD – The State Bank of Pakistan has dismissed the reports of hefty withdrawals from Roshan Digital Accounts (RDAs) by overseas Pakistanis and a sudden fall in Pakistan Foreign Exchange Reserves.

SBP issued the clarification as many social media users claimed that overseas Pakistanis are withdrawing their investments from Roshan Digital Accounts following Imran Khan’s ouster.

“SBP rebuts fake news on social media about large withdrawals from Roshan Digital Accounts and slowdown in inflows,” a statement issued by Central Bank said.

The tweet also added, “So far in April, inflows are very strong at around $86 million and there are no abnormal outflows. Total inflows have now surpassed $4 billion.”

The whole thing started when several PTI activists protest at an overseas Pakistanis rally near Hyde Park. “No Imran, No remittances,” PTI supporters chanted, saying they don't want their money to end up in the accounts of ‘corrupt leaders’.

Earlier this month, State Bank reported that Roshan Digital Accounts, a banking facility available to Non-resident Pakistanis, has raised inflows amounting to $3.9 billion by the end of March 2022, with over two-thirds of the amount being invested in Naya Pakistan Certificates (NPC).

Daily Pakistan Global Web Desk

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PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 21 Feb 2024

Pakistani currency remains stable against US dollar and other currencies in the open market on February 21, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300 for buying and 303 for selling while British Pound rate stands at 350.5 for buying, and 354 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 21 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300 303
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 76.15 76.9
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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