• About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact
Tuesday, June 28, 2022
INCPak
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Fun Time
    • Kids Corner
    • Poems
    • Stories
  • More
    • Health
    • Editorial
    • Information
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Fun Time
    • Kids Corner
    • Poems
    • Stories
  • More
    • Health
    • Editorial
    • Information
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
INCPak
No Result
View All Result

SBP Refutes Claims Regarding FCA, RDA & Safety Deposit Lockers

by Ali Gulrez
Jun 6, 2022
in Business
0

The Government and the State Bank of Pakistan (SBP) have refuted all baseless claims circulating on social media regarding Foreign Currency Accounts (FCA), Roshan Digital Accounts (RDA) and Safety Deposit Lockers in banks across Pakistan.

SBP, Foreign Currency Accounts, Roshan Digital Accounts, Safety Deposit Lockers, FCA, FCY, RDA
SBP Refutes Claims Regarding FCA, RDA & Safety Deposit Lockers

In a joint press release issued by the Ministry of Finance and the State Bank of Pakistan (SBP), it was stated that all such rumors regarding banks withholding deposits in Foreign Currency Accounts (FCA), Roshan Digital Accounts (RDA) and Safety Deposit Lockers are false.

The Government of Pakistan and the State Bank of Pakistan assure all account holders maintaining Foreign Currency Accounts (FCA), Roshan Digital Accounts (RDA) and Safety Deposit Lockers in banks in Pakistan that their accounts and lockers are completely safe, and that there is no proposal under consideration to put any restriction on them.

SBP said that rumors are circulating on social media that the Government or State Bank is considering freezing or placing restrictions on withdrawals from Foreign Currency Accounts, Roshan Digital Accounts and Safety Deposit Lockers. It added that such rumors are absolutely incorrect and baseless.

The central bank along with the Ministry of Finance clarified that such a proposal has neither been considered presently nor in the past. Moreover, foreign Currency Accounts including Roshan Digital Accounts are legally protected under the Foreign Currency Accounts (Protection) Ordinance 2001, and the Government and the State Bank are committed to protecting all the financial assets in Pakistan including the ones mentioned above.

The Government and State Bank are taking all necessary measures to ensure macroeconomic stability in the country. The recent difficult decisions taken by the Government, including the reduction of subsidy on petroleum products, will pave the way to reach an agreement with the IMF and release of the IMF tranche and financial assistance from other multilateral agencies and friendly countries. We are confident that these measures will relieve the temporary stress being faced due to elevated global commodity prices and geo political tensions, and eliminate uncertainty in the economy.

2/2 Foreign currency accounts including Roshan Digital Accounts are protected under Foreign Currency Accounts (Protection) Ordinance, 2001 and GoP and SBP are committed to protect all financial assets in Pakistan including the ones mentioned above. https://t.co/8mx1N7GZ8n

— SBP (@StateBank_Pak) June 6, 2022

Read more: Dollar Rate in Pakistan (Daily Updates).

Follow INCPAK on Facebook / Twitter / Instagram for updates.

Tags: FCAFCYForeign Currency AccountsRoshan Digital AccountSafety Deposit LockersSBPState Bank of Pakistan
ShareTweetSend

Related Posts

Pakistan Current Account Deficit
Business

Pakistan’s Current Account Deficit Rises to $1.4 Billion in May

Jun 28, 2022
SBP, SME Financing, Data Acquisition Portal, DAP, Data Reporting Portal
Business

SBP Launches Data Acquisition Portal to Report SME Financing Data

Jun 28, 2022
USD to PKR, Dollar Rate in Pakistan, Dollar to PKR, US Dollar, Pakistani Rupee, Exchange Rate, PKR, Currency Exchange Rate
Business

USD to PKR – Dollar Rate in Pakistan – 28 June 2022

Jun 28, 2022
Gold Rate in Pakistan, Gold Rate Pakistan, Gold Price in Pakistan, Gold Price Pakistan, Gold Rate in Pakistan Today, Gold Price in Pakistan Today, Gold Rate, Gold Price
Business

Gold Rate in Pakistan Today – 28 June 2022

Jun 28, 2022
USD to PKR, Dollar Rate in Pakistan, Dollar to PKR, US Dollar, Pakistani Rupee, Exchange Rate, PKR, Currency Exchange Rate
Business

USD to PKR – Dollar Rate in Pakistan – 27 June 2022

Jun 27, 2022
Gold Rate in Pakistan, Gold Rate Pakistan, Gold Price in Pakistan, Gold Price Pakistan, Gold Rate in Pakistan Today, Gold Price in Pakistan Today, Gold Rate, Gold Price
Business

Gold Rate in Pakistan Today – 27 June 2022

Jun 27, 2022
Gold Rate in Pakistan, Gold Rate Pakistan, Gold Price in Pakistan, Gold Price Pakistan, Gold Rate in Pakistan Today, Gold Price in Pakistan Today, Gold Rate, Gold Price
Business

Gold Rate in Pakistan Today – 25 June 2022

Jun 25, 2022
Rs 75 banknote, 75 banknote
Business

SBP Clarifies Issuance of Rs. 75 Banknote

Jun 24, 2022
USD to PKR, Dollar Rate in Pakistan, Dollar to PKR, US Dollar, Pakistani Rupee, Exchange Rate, PKR, Currency Exchange Rate
Business

USD to PKR – Dollar Rate in Pakistan – 24 June 2022

Jun 24, 2022
Load More
Next Post
Hajj Flight, Hajj 2022, PIA Hajj Flight

PIA Announces Hajj 2022 Flight Schedule For Karachi

PIA Tires Burst, PIA

PIA Plane Tires Burst During Landing at Jinnah Airport in Karachi

Gold Rate in Pakistan, Gold Rate Pakistan, Gold Price in Pakistan, Gold Price Pakistan, Gold Rate in Pakistan Today, Gold Price in Pakistan Today, Gold Rate, Gold Price

Gold Rate in Pakistan Today - 7 June 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

INCPak Discover YouTube Channel

INCPAK Discover

Latest

  • Petrol Prices in Pakistan Expected to Increase From July
  • Pakistan’s Current Account Deficit Rises to $1.4 Billion in May
  • SBP Launches Data Acquisition Portal to Report SME Financing Data
  • Punjab Rozgar Scheme 2022 – Apply Online [Complete Guide in Urdu]
  • Weather Update: Monsoon Rains Expected From June 30
  • USD to PKR – Dollar Rate in Pakistan – 28 June 2022
  • Gold Rate in Pakistan Today – 28 June 2022
  • Peoples Bus Service Karachi Routes & Fare
  • Pak Suzuki Is Not Relaunching Suzuki Mehran in Pakistan

Follow us on Twitter

INCPAK Twitter

Follow us on Instagram

Qries

USD to PKR Rates

Qries

INCPak Official logo

INCPak Official Logo

Trending

  • Petrol Prices in Pakistan
  • USD to PKR Rates
  • MTMIS – Online Vehicle Verification
  • Ehsaas Program
  • Punjab Rozgar Scheme
  • Naya Pakistan Housing Program
  • Mera Pakistan Mera Ghar Loan

Site Links

  • About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact
  • About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact

All rights reserved © 2022 INCPak - Independent News Coverage Pakistan - (Digital News Portal)

No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Fun Time
    • Kids Corner
    • Poems
    • Stories
  • More
    • Health
    • Editorial
    • Information
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers

All rights reserved © 2022 INCPak - Independent News Coverage Pakistan - (Digital News Portal)