Overseas Pakistanis’ remittances through the Roshan Digital Account (RDA) have surpassed $8 billion, according to the State Bank of Pakistan (SBP).
The SBP released statistics indicating that remittances from Overseas Pakistanis in the Roshan Digital Account have exceeded $8 billion as of May 24.
The RDA initiative, launched in mid-2020, has witnessed substantial growth, with the number of account holders now exceeding 700,000, as per the SBP report.
This milestone reflects the growing trust and participation of the Pakistani diaspora in the country’s financial system.
In April, the inflow of remittances under the Roshan Digital Account experienced a six percent decline compared to March, totaling $17.10 billion as opposed to $18.20 billion.
Despite the decrease, the total 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, with $4.92 billion utilized locally.
Introduced by the State Bank, the Roshan Digital Account aims to facilitate overseas Pakistanis in sending remittances and investing in Pakistan.
