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Bank Alfalah introduces a new era of banking with Roshan Digital Account  

11:07 AM | 14 Oct, 2020
Bank Alfalah introduces a new era of banking with Roshan Digital Account  

KARACHI - The Best Bank of Pakistan, Bank Alfalah has launched Roshan Digital Account, an initiative by State Bank of Pakistan which provides a revolutionary way for Non-Resident Pakistanis (NRPs) to open an account and invest their earnings. 

Overseas Pakistanis can apply for a Roshan Digital bank account through an innovative process that is completely secure, quick, and digitized. NRPs only need to visit Bank Alfalah’s website, select either Conventional or Islamic Roshan Digital Account option, and choose their desired currency. The account is available in various currencies i.e. PKR, USD, GBP, EUR, AED, and SAR.

Bank Alfalah has created a seamless and quick account application process, and the account itself is activated in under 48 hours. This is possible through real-time screening of the application, a process introduced to provide NRPs with maximum convenience.

Through the Roshan Digital Account, NRPs immediately gain access to a suite of services from Bank Alfalah, such as Debit Card, Cheque Book, 24x7 Internet Banking, and free SMS Alerts.

The Roshan Digital Account also offers a host of investment avenues such as the Naya Pakistan Certificate, issued by the Government of Pakistan with highly lucrative returns, in addition to access to Pakistani’s stock market through the Central Depository Company (CDC) and Real Estate  These attractive options are pivotal for overseas Pakistanis to secure their hard-earned funds. Keeping in mind the increase in the influx of remittances received from abroad, such as in FY 2020, the country received USD 23.12 billion as reported by the State Bank of Pakistan, the option of converting these assets into a safe investment was previously unavailable for millions of Pakistanis across the world, which has now been made possible by Bank Alfalah in partnership with the State Bank of Pakistan.

All of the funds credited to the Roshan Digital Account are fully repatriable and require no time-consuming approvals from SBP or Bank Alfalah. These funds can also be used to make fund transfers, bills and fee payments, and e-commerce transactions.

Bank Alfalah prides itself on being an innovator and leader in the digital banking sphere. Being one of the partner banks for the Roshan Digital Account is a testament to its technological capability and commitment to be a customer-centric bank. Through the Roshan Digital Account, the bank is reinforcing its vision to provide the best value-added solutions to its customers in every corner of the globe.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Bhat THB 7.57 7.72

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