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Overseas Pakistani repatriated $800 million from Roshan Digital Account

admin-augaf by admin-augaf
July 6, 2022
in Business, Finance, International
Reading Time: 1 min read
0
Auto assemblers and Electrical equipment importers need prior SBP permission for imports Karachi July 6 2022: SBP adds Auto Assemblers to the list of goods for which Authorized Dealers are required to seek prior permission from Foreign Exchange Operations Department (FEOD), SBP-BSC for initiating the import transaction. Henceforth, Authorized Dealers shall be required to seek prior permission from FEOD, SBP-BSC before initiating transactions for import of CKD for Motor Cars. Authorized Dealers are advised to bring the same to the knowledge of all the concerned and ensure meticulous compliance of the above & other applicable regulations on the subject. Authorized Dealers are especially instructed to bring these instructions to the knowledge of their customers and advise them to approach the bank before initiation of import transaction of any item covered under this circular letter.

Auto assemblers and Electrical equipment importers need prior SBP permission for imports Karachi July 6 2022: SBP adds Auto Assemblers to the list of goods for which Authorized Dealers are required to seek prior permission from Foreign Exchange Operations Department (FEOD), SBP-BSC for initiating the import transaction. Henceforth, Authorized Dealers shall be required to seek prior permission from FEOD, SBP-BSC before initiating transactions for import of CKD for Motor Cars. Authorized Dealers are advised to bring the same to the knowledge of all the concerned and ensure meticulous compliance of the above & other applicable regulations on the subject. Authorized Dealers are especially instructed to bring these instructions to the knowledge of their customers and advise them to approach the bank before initiation of import transaction of any item covered under this circular letter.

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Karachi July 6 2022: Roshan Digital Account inflows increased to a 3 month high of $250mn in June, up 32% compared to May.

Total inflows have now crossed $4.6bn.

Around $800mn have been repatriated by RDA holders in 22 months since start of RDA in Sep 2020 to meet their personal needs in their countries of residence. As a result, net inflows amount to over $3.8 billion.


Both SBP and the Govt remained committed to serving the needs of our Overseas Pakistanis, and thank them for their continuous trust.


Related Posts

Roshan Digital Account inflows rise to $4.356 billion in May 2022

RDA proves to be a sustainable source of dollars as inflow crosses $4 billion mark in April

Pakistan Received lowest Monthly Roshan Digital Inflows since February 2021

Inflows from Overseas Pakistanis in Roshan Digital Account Crossed $5 Billion


Tags: RDA
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