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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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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 17 April 2024

Pakistani currency saw minor adjustment against global currencies on April 17, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293.15 for buying and 296.1 for selling while British Pound stands at 344.25 for buying, and 347.6 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 17 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.4
Euro EUR 293.15 296.1
UK Pound Sterling GBP 344.25 347.6
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 911.26
Malaysian Ringgit MYR 58.24 58.84
New Zealand Dollar NZD 164.75 166.75
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.07
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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