Roshan Digital Account Surpasses $8 Billion in Inflows
According to a report, remittances from overseas Pakistanis into the Roshan Digital Account (RDA) have crossed $8 billion. The State Bank of Pakistan (SBP) shared this data, revealing that as of May 24, remittances into the RDA have exceeded $8 billion.
The RDA initiative, which started in mid-2020, has gained momentum, with over 700,000 people now having accounts.
This achievement shows that more overseas Pakistanis are trusting and participating in the country’s financial system.
In April, remittances into the Roshan Digital Account dropped by six percent compared to March. The State Bank reported that in April, $17.10 billion was sent through the RDA, which is less than the $18.20 billion sent in March.
Despite the decrease, the number of accounts opened reached 689,650 by the end of April, with 9,858 new accounts opened during the month.
Since its launch in September 2020, the RDA has received a total of $1.58 billion in remittances, and $4.92 billion has been utilized locally.
The Roshan Digital Account, introduced by the State Bank, aims to help overseas Pakistanis send remittances and invest in Pakistan.
