Inaugurates the Meezan Roshan digital center

The Acting Governor of the State Bank of Pakistan (SBP), Dr. Murtaza Syed, inaugurated the Meezan Roshan Digital Center, purposely built to meet the needs of customers of the Roshan Digital Account (RDA).

Meezan Bank Chairman of the Board, Riyadh SAA Edrees, Meezan Bank Founding Chairman and Chief Executive Officer, Irfan Siddiqui, and senior bank officials were also present on the occasion, said a press release issued on Tuesday. .

In his brief remarks, the Acting Governor commended the Bank’s management and RDA team for channeling a substantial volume of remittances and achieving $1 billion in remittances to the RDA and added that d ‘Other banks should also focus their attention on increasing remittances via the RDA and come up with innovative ways to take this step.

He noted that overseas Pakistanis have always made the country proud of their achievements and devotion to their homeland. He observed that the country needed more investment from abroad to finance the current account deficit and increase much-needed foreign exchange reserves.

He recalled that while various other banks joined the RDA later, Meezan Bank was among the first eight banks to launch this service since its inception.

Dr. Syed acknowledged the elements behind this success such as the Bank’s focus on the product, its joint initiatives with SBP to raise awareness of ARD, the Sharia inclination of overseas Pakistanis -sea and the availability of all necessary support from regulators.

Dr. Murtaza Syed was also accompanied by Deposit Protection Corporation Managing Director Syed Irfan Ali, Executive Director Saleemullah, Executive Director Sohail Javaad and SBP Chief Spokesperson Abid Qamar.

Irfan Siddiqui thanked the State Bank for supporting the RDA initiative and sponsoring the inauguration of the Meezan Roshan Digital Center and said that Meezan Bank has always been fully committed to supporting this important initiative.

Speaking on the occasion, Chairman of Meezan Bank, Riyadh SAA Edrees expressed his gratitude to SBP for its support and tireless efforts in promoting Islamic banking in Pakistan.

He assured SBP management that the board of Meezan Bank is committed to supporting SBP’s various initiatives, including RDA, low-cost housing and SME finance.—APP