RDA inflows recorded at $310mn in June


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KARACHI: As per the statistics of the State Bank of Pakistan (SBP), the inflows from Roshan Digital Accounts (RDA) in the month of June 2021 are recorded at $310mn.

The month of June has observed the highest amount of inflows in RDA since its launch.

Similarly, the investment in Naya Pakistan Certificates (NPC) as of the end of June has been observed at $1050mn while investment in NPC has been witnessed at $233mn.

Earlier, the inflows from overseas Pakistanis in RDA in the 10 months of FY2020-21 were recorded at $1.56bn.

The RDA has been successful in gaining the confidence of overseas Pakistanis, until now 181,556 accounts have been opened from 171 different countries.

 

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RDA inflows surge past record $1.25 billion mark


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ISLAMABAD: The foreign exchange inflows through the Roshan Digital Accounts (RDAs) has surged past the $1.25 billion mark as revealed by government officials. 

The statistics were revealed in a webinar managed by the Habib Bank Limited (HBL) along with Pakistan High Commission Canada and the State Bank of Pakistan (SBP). 

The RDA was initiated in  September 2020 to address the concerns of overseas Pakistanis and simply the banking processes like payments, and investments. 

As per the SBP’s, ‘The State of Pakistan’s Economy’ report, the response is positive. Over 160,000 overseas Pakistanis have contributed around $1.25 billion from over 170 countries.