*ISLAMABAD: The federal government and State Bank of Pakistan (SBP) onMonday rebutted rumours circulating on social media regarding the seizureof Foreign Currency, Roshan Digital Accounts and Safety Deposit Lockers.*
The government of Pakistan and the SBP assure all account holdersmaintaining Foreign Currency Accounts (FCA), Roshan Digital Accounts (RDA)and Safety Deposit Lockers in banks in Pakistan that their accounts andlockers are completely safe, and that there is no proposal underconsideration to put any restriction on them, said finance ministry in astatement.
According to the statement, rumours were circulating on social media thatthe government or State Bank of Pakistan is considering freezing or placingrestrictions on withdrawals from Foreign Currency Accounts, Roshan DigitalAccounts and Safety Deposit Lockers.
Such rumors are absolutely incorrect and baseless, it said and clarifiedthat such a proposal has neither been considered presently nor in the past.Moreover, foreign currency accounts including Roshan Digital Accounts arelegally protected under the Foreign Currency Accounts (Protection)Ordinance 2001, and the government and SBP are committed to protecting allthe financial assets in Pakistan including the ones mentioned above.
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The government and SBP are taking all necessary measures to ensuremacroeconomic stability in the country. The recent difficult decisionstaken by the government, including the reduction of subsidy on petroleumproducts, will pave the way to reach an agreement with the InternationalMonetary Fund (IMF link) andrelease of its tranche and financial assistance from other multilateralagencies and friendly countries.
