Total foreign exchange inflows via Roshan Digital Accounts (RDAs) have already topped $6 billion. According to the most recent figures from the State Bank of Pakistan (SBP), inflows were $6,005 million on Friday.
Roshan Digital Accounts deposits
According to the data, deposits under RDAs received $155 million in March, a $20 million increase over the $125 million received in February.
#RoshanDigitalAccount has reached a new milestone as the total inflows have crossed $6bn. We thank our #OverseasPakistanis for their continuous trust in making #SBP's #RoshanDigitalAccount a huge success. For Details: https://t.co/bZHwNnSNIx pic.twitter.com/apCFwH8AAf
— SBP (@StateBank_Pak) April 7, 2023
According to the figures, total RDA inflows were $5,966 million at the end of March, with inflows of $39 million so far in April.
It is worth noting that inflows have decreased significantly in the current fiscal year (FY23) when compared to FY22.
However, inflows have resumed in the last two months, February and March.
Roshan Digital Account, which will be released in September 2020, is a major effort by the State Bank of Pakistan in conjunction with Pakistani commercial banks.
These accounts offer cutting-edge banking solutions to millions of Non-Resident Pakistanis (NRPs), including Non-Resident Pakistan Origin Card (POC) holders, who want to conduct banking, payment, and investment operations in Pakistan.
According to figures issued by the State Bank of Pakistan (SBP), foreign money inflows through the Roshan Digital Accounts (RDAs) totaled $3.632 billion by the end of February 2022.
In February 2022, the country received $250 million in inflows, up from $222 million in January, a month-on-month rise of $28 million or 12.6 percent.
Since the program’s inception, 365,182 RDAs have been opened, according to official figures. The number of accounts opened increased by 6.6 percent on a monthly basis.
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