At the Pakistani Consulate’s 23rd March Pakistan Day event, leading Pakistani banks HBL and MCB Bank partnered with the Pakistani Consulate (Riyadh, KSA) to launch their upcoming Roshan Digital Account (RDA) drive, ‘Roshan Raho.’
The ‘Roshan Raho’ drive will take place in Riyadh and Jeddah to raise awareness of the Roshan Digital Account initiative launched by the State Bank of Pakistan.
This initiative enables non-resident Pakistanis to open bank accounts digitally from abroad in order to invest in Pakistan and take advantage of the country’s savings and investment schemes.
Guests have been briefed on investment opportunities in Pakistan as well as the significance of Roshan Digital Accounts, particularly in terms of the economic contributions of the Pakistani diaspora to the progress and prosperity of their homeland.
Participants were also informed about HBL and MCB Bank’s ‘Roshan Raho’ campaign, which aims to raise awareness of the Roshan Digital Account and its associated services, such as Roshan Apni Car auto financing and Roshan Apna Ghar home financing, among others, among the Pakistani community in the Kingdom of Saudi Arabia.
His Excellency Ameer Khurram Rathore, Ambassador of Pakistan to the Kingdom of Saudi Arabia, and Tipu Usman, Deputy Head of Mission, attended the event (DHM). Muhammad Aurangzeb, President and CEO of HBL, and Shoaib Mumtaz, President, and CEO of MCB Bank, both delivered virtual addresses to the attendees. Members of the Pakistani professional communities, members of the senior management teams of both banks, representatives of the Pakistani embassy, members of the Pakistani diaspora, and other key dignitaries were also present.
On the occasion, Shoaib Mumtaz, President and CEO of MCB Bank, said, “The Pakistani migration has always been an invaluable asset for Pakistan, and their contributions to our economy through money can never be overstated.” Because of their enthusiastic participation in the RDA initiative, more than US$ 3.7 billion has been remitted to Pakistan via Roshan Digital Accounts as of today. “MCB Bank wants to work with Pakistani circle around the globe to enhance even greater reach to advance financial services and investment chance in Pakistan.”