Government dispels rumors about security of bank accounts and lockers – FakeNews

Published on June 06, 2022 10:17 p.m.

Government dispels rumors about security of bank accounts and lockers

ISLAMABAD (APP): The government and the State Bank of Pakistan (SBP) on Monday refuted baseless claims circulating on social media regarding foreign currency accounts, Roshan digital accounts and safe deposit boxes.

The Government of Pakistan and the State Bank of Pakistan assure all account holders holding Foreign Currency Accounts (FCA), Roshan Digital Accounts (RDA) and Bank Vaults in Pakistan that their accounts and Lockers are completely safe and there is no proposal under consideration to impose restrictions on them, the finance ministry said in a statement.

“There are absolutely no plans to freeze foreign currency accounts or Roshan digital accounts or take control of people’s private lockers. We never even considered these measures. We never will either. Speculation on social media about this is false and comes from biased backgrounds,” Finance Minister Miftah Ismail tweeted.

According to the statement, rumors were circulating on social media that the government or the State Bank of Pakistan was planning to freeze or impose restrictions on withdrawals from foreign currency accounts, Roshan digital accounts and safe deposit boxes. . Such rumors are absolutely incorrect and baseless, he said and clarified that such a proposal has not been considered either currently or in the past. In addition, foreign currency accounts, including Roshan digital accounts, are legally protected under the Foreign Currency Accounts (Protection) Order 2001, and the government and SBP are committed to protecting all financial assets in Pakistan, including those mentioned above.

The government and the SBP are taking all necessary measures to ensure the macroeconomic stability of the country. Recent difficult decisions taken by the government, including the reduction of subsidies on petroleum products, will pave the way for an agreement with the International Monetary Fund (IMF) and the release of its tranche and financial assistance from other multilateral agencies. and friendly countries. “We are confident that these measures will relieve the temporary stress facing high global commodity prices and geopolitical tensions, and eliminate uncertainty in the economy,” the statement added.

Shawanda H. Saldana