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. 


In Pakistan, ‘Eternal Love’ has no place on YouTube

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In Pakistan, ‘Eternal Love’ has no place on YouTube

  • YouTube blocked the Urdu-language dating show after complaints that it violated cultural and religious norms
  • YouTube blocked the Urdu-language dating show after complaints that it violated cultural and religious norms

ISLAMABAD: YouTube has hit pause on a dating show that whisked eight men and women from conservative Pakistan to a sun-soaked Istanbul villa, where the strangers mingled, flirted and searched for chemistry.

What was meant to be a glittering escape into modern-day romance sparked a storm back home, turning the rose-petal drama into a cultural, traditional and religious flashpoint.

Dating and sex outside of marriage are prohibited by law in the Muslim-majority country, where public displays of affection can draw penalties.

The show “Lazawal Ishq,” or “Eternal Love,” aired 50 episodes before it was recently taken off YouTube in Pakistan, though it is still available elsewhere.

The format, reminiscent of the British reality hit “Love Island,” pushed boundaries that Pakistani entertainment typically avoids.

“Our program might not be watchable in Pakistan due to political reasons,” the show posted on its Instagram page.

It advised Pakistani viewers to use virtual private networks (VPNs) to continue watching.

YouTube did not immediately reply to an AFP request for comment on why the show was suspended.

The show’s trailer starts with the host, actress Ayesha Omer, entering the villa in a white dress, where she meets contestants who are to choose a partner of their liking and test their compatibility through 100 episodes.

Omer swiftly came under fire online for wearing a “Western dress” and hosting a show that “promotes obscene and immoral content,” an increasingly common reaction to celebrities who deviate from Pakistan’s conservative expectations.

Omer countered on Instagram that “this is not a Pakistani show... it is a Turkish production, but of course people in Pakistan can watch it.”

A LOT OF COMPLAINTS

The Urdu-language show proved popular, with the inaugural trailer getting over two million views.

The online buzz underscored a growing divide between Pakistan’s younger, digitally connected audience and traditional gatekeepers anxious about changing values.

“It was something fun to watch. A show that showed that people in Pakistan can and do date even though it is frowned upon,” said one viewer who requested anonymity to speak freely.

But someone soon filed a petition to the Pakistan Electronic Media Regulatory Authority (PEMRA), it said, seeking a ban and claiming the show goes against “Pakistan’s religious and social values by showing unmarried men and women living together.”

The regulator acknowledged receiving “a lot of complaints” about “Eternal Love” but said it did not have jurisdiction over digital platforms.

PEMRA advised petitioning the Pakistan Telecommunication Authority, which oversees online content. It did not respond to requests for comment.

It is not the first time YouTube has taken down a program deemed offensive by conservative Pakistanis.

Last year, the show “Barzakh,” a family drama that touched on topics including love and spirituality, was removed on claims it promoted LGBTQ relationships.