• About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact
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
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • 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
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • 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

Gold Rate in Dubai, Gold Rate in UAE, Gold Price in Dubai, Gold Price in UAE
Business

Gold Rate in Dubai UAE Today – 25 March 2023

Mar 25, 2023
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 March 2023

Mar 25, 2023
Banks Open Saturday, Banks Open Sunday, Hajj Applications, Hajj 2023
Business

Banks to Remain Open on Saturday and Sunday to Collect Hajj Applications

Mar 24, 2023
Gold Rate in Dubai, Gold Rate in UAE, Gold Price in Dubai, Gold Price in UAE
Business

Gold Rate in Dubai UAE Today – 24 March 2023

Mar 24, 2023
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 – 24 March 2023

Mar 24, 2023
Gold Rate in Dubai, Gold Rate in UAE, Gold Price in Dubai, Gold Price in UAE
Business

Gold Rate in Dubai UAE Today – 23 March 2023

Mar 23, 2023
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 – 23 March 2023

Mar 23, 2023
Bank Timings Ramadan, Bank Timings Ramadan 2023, Bank Timings
Business

Bank Timings in Pakistan During Ramadan 2023

Mar 22, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published.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

Latest News

  • Gold Rate in Dubai UAE Today – 25 March 2023
  • Gold Rate in Pakistan Today – 25 March 2023
  • United Electric Motorcycles Launched in Pakistan
  • JDC’s Zafar Abbas Calls For Fruit Boycott to End Profiteering
  • NADRA Launches Next Gen ‘PAK ID Mobile App’
  • Toyota Pakistan Shuts Down Production Once Again
  • LHC Extends Restaurant Timings During Ramadan
  • Benazir Kafalat Program 2023 Stipend Increased to Rs8,500
  • Banks to Remain Open on Saturday and Sunday to Collect Hajj Applications
  • Gold Rate in Dubai UAE Today – 24 March 2023

INCPak Official logo

INCPak Official Logo
Independent News Coverage Pakistan (INCPAK) delivers the latest updated news on Current Affairs, Business, Sports, Entertainment, and Technology in Pakistan

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

© 2023 Independent News Coverage Pakistan - Site is Powered by INCPak Team INCPak Team.

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
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers

© 2023 Independent News Coverage Pakistan - Site is Powered by INCPak Team INCPak Team.