The State Bank of Pakistan (SBP) came out and refuted news about large withdrawals from Roshan Digital Accounts (RDA) following Imran Khan being voted out of the National Assembly.
“The SBP rebuts fake news on social media about large withdrawals from Roshan Digital Account (RDA) and slowdown in inflows. So far in April, inflows are very strong at around $86 million and there are no abnormal outflows. Total inflows have now surpassed $4 billion,” it tweeted on Monday.
There were plenty of posts on social media regarding withdrawal of funds from RDA or withholding remittances as a form of protest against the no confidence vote against Prime Minister Imran Khan. However, prior to the whole vote of no confidence saga, the SBP had been vigilant about the declining pace of accounts and inflows. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
These Business & Investigative journalists are very brave persons and perform their duties at the risk of their lives. May ALLAH secure them from their rivals! AAMEEN
Misinformation needs to be tackled, given how it affects institutions and Countries together.
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