"Capital Smart City: Another master piece from the Capital Smart City launched one of its kind innovative & futuristic development - One Capital Residence." " "Nova City Islamabad has announced Nova City World - Overseas Block for its valuable customers. This state-of-the-art complex will offer luxurious modern amenities. " "Smart City has signed a MoU with Surbana Jorung. This will boast the position of Silicon Valley. " " Surbana Jorung will also design Cultural Village and some other miscellaneous projects" "RUDN Enclave: Development work in RUDN Enclave is on full swing. FWO also started construction of proposed Rawalpindi Ring Road." "Lahore Smart City’s new partnership with Galeria Designs, Raees Fahim, and Faisal Rasul. The future looks bright for Signature Villas!" "Dr Daniel been assigned the task of designing One Capital Residences would surely give birth to an aesthetic giant amidst the twin cities." "Alhamdolillah, with the grace of almighty Allah 2xHybird Double Decker Busses reached safely at Capital Smart City." "Capital Smart City has taken a pivotal step towards water filtration. This the filtration plant of capacity 4.5 Million Gallons per Day (MGD)."
February 25, 2021

RDA records the highest-ever daily remittances received by Overseas Pakistanis

Roshan Digital Account is a major initiative of State Bank of Pakistan, in collaboration with commercial banks operating in Pakistan. These accounts provide innovative banking solutions for millions of Non Resident Pakistanis (NRPs) seeking to undertake banking, payment and investment activities in Pakistan. The Roshan Digital Account (RDA) receiving a total sum of $7.7 million was registered by the State Bank of Pakistan (SBP)-the highest regular remittances by Overseas Pakistanis. With $81 million invested in Naya Pakistan Certificates (NPCs), the central bank announced, the total inward remittances earned under RDA reached $139.4 million. The NPC is an initiative of the SBP-administered Ministry of Finance that provides overseas Pakistanis with amazing investment opportunities that can only be bought through RDAs. The State Bank of Pakistan (SBP) has previously unveiled Roshan Digital Accounts in partnership with the Government of Pakistan (GoP), a digital banking solution that offers overseas Pakistanis ease of payment, including transfers of money, bill payments and investment facilities in various sectors of Pakistan, including Real Estate. RDA enables users to select any account denominated in foreign currency or rupee. In addition, if an investor wishes to withdraw the funds available, the RDA allows them to repatriate funds up to the lowest amount available. The initiative of the digital account has received an overwhelming response from overseas Pakistanis. The inflows of foreign exchange through this account also helps to maintain the reserves of the country.

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