Deposits in digital banking initiative for overseas Pakistanis cross $1.5 billion this week

A stockbroker uses his phone beside an index board showing latest share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on February 3, 2020. (AFP)
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Updated 28 June 2021
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Deposits in digital banking initiative for overseas Pakistanis cross $1.5 billion this week

  • Pakistani PM shares the ‘good news’ on Twitter
  • Program was launched last September to integrate overseas Pakistanis with country's banking system

ISLAMABAD: Pakistan received over $1.5 billion in inflows since September from its Roshan Digital Accounts, a banking initiative launched for overseas Pakistanis last year, Prime Minister Imran Khan said on Sunday, sharing the “good news” by the central bank.
“#RoshanDigitalAccount achieves more milestones. Inflows crossed $1.5 bn on Friday, with investment in Naya [New] Pakistan Certificates surpassing $1 bn,” Khan said in a Twitter post. 

PM Khan inaugurated the Roshan Digital Accounts (RDA) service in September as part of a joint effort by the State Bank of Pakistan (SBP), the government, and eight commercial banks to “integrate overseas Pakistanis with the country’s banking system.”
For the first time in Pakistan’s history, the RDA provided Non-Resident Pakistanis (NRPs) with an opportunity to remotely open an account in Pakistan without visiting a bank. 
“These accounts provide innovative banking solutions for millions of NRPs, including Non-Resident Pakistan Origin Card [POC] holders, seeking to undertake banking, payment and investment activities in Pakistan,” the SBP said on its website quoting Governor Reza Baqir. 
The RDA provides access to all conventional account services, including funds transfer, online bills, e-commerce and other payments in Pakistan. 
It also allows users to invest in fixed deposit products offered by the banks, invest in the stock market, with the added advantage of debit and virtual debit cards for domestic and overseas use. 


Pakistan vows to play active role against climate change on International Day of Clean Energy 

Updated 26 January 2026
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Pakistan vows to play active role against climate change on International Day of Clean Energy 

  • Governments, civil societies every year mark Jan. 26 as International Day of Clean Energy, calling for inclusive transition to clean power
  • Pakistan ranks among nations most vulnerable to climate change, suffering from erratic weather patterns such as floods, heatwaves, storms

ISLAMABAD: Pakistan will play an active role in global efforts against climate change, President Asif Ali Zardari vowed on Monday as the world marks International Day of Clean Energy today. 

The International Day of Clean Energy is marked every year on Jan. 26 during which governments and civil societies around the world call for awareness on climate change impacts and demand action for a just and inclusive transition to clean energy for the benefit of the people.

Burdened by an energy crisis that has resulted in costly fuel imports over the past couple of years, Pakistan has sought to shift to clean energy to place less burden on its fragile economy. The South Asian country has emerged as one of the world’s fastest growing solar markets, with 12 gigawatts (GWs) of off-grid and over 6GWs of net-metered solar capacity by the end of 2025. In the last fiscal year, renewables accounted for a historic 53 percent of total electricity generation, according to the prime minister’s coordinator on climate change, Romina Khurshid Alam. 

“Pakistan will play an active role in global efforts against climate change,” Zardari was quoted in a statement released by his office. “Investment in safe technologies is essential for the protection of the planet.”
Zardari stressed that clean energy is essential for inclusive development, noting that Pakistan has made the transition toward it a “national priority.”

He said clean energy occupies a central place in the government’s policy framework, adding that Pakistan has set a target of electric vehicles comprising 30 percent of all passenger vehicles and heavy-duty truck sales by 2030. 

The Pakistani president cited air pollution as a major challenge to public health in the country, noting its social and economic costs for the government and the people. 

“Pakistan is committed to building a reliable and sustainable energy system,” he said. 

Pakistan ranks among nations most vulnerable to climate change and has seen erratic changes in its weather patterns that have led to frequent heatwaves, untimely rains, storms, cyclones, floods and droughts in recent years. 

In 2022, monsoon floods killed over 1,700 people, displaced another 33 million and caused over $30 billion losses. Over 1,000 people were killed in floods last year as well due to torrential monsoon rains and floods triggered by climate change impacts and excess water released by Indian dams.