RDA inflows reach $2.114b in August

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Islamabad

The inflows under Roshan Digital Account increased to $2.114 billion by the end of August 2021 compared to $1.87 billion till end of July this year, according to data released by the State Bank of Pakistan on Wednesday.

The data shows that the inflow during the month of August was recorded at $244 million compared to $307 million in July and $310 million in June this year. Roshan Digital Account (RDA) was launched by State Bank of Pakistan, in collaboration with commercial banks operating in Pakistan.

These accounts provide innovative banking solutions for millions of Non Resident Pakistanis (NRPs), including Non-Resident Pakistan Origin Card (POC) holders, seeking to undertake banking, payment and investment activities in Pakistan.

As per data, expatriate Pakistanis from 175 countries had deposited the funds to 220,806 accounts opened through RDA.—App

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