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Wednesday, December 11, 2024

Home Business RDA inflows rise to $5.966 bn in March

RDA inflows rise to $5.966 bn in March

by News desk
April 12, 2023
in Business

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The inflow of remittances under Roshan Digital Account (RDA) rose to US $5.966 billion by the end of March 2023 as compared to US $5.811 billion by February end, according to the latest data released by the State Bank of Pakistan (SBP).

The data showed that the inflows of remittances during the month of March were recorded at US$ 155 million as compared to US$ 125 million in February and US$ 110 million in January 2023.

RDA was launched by the SBP, in collaboration with commercial banks operating in the country.

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