KARACHI: Cumulative inflows through Roshan Digital Account (RDA) from overseas Pakistanis soared to $3.382 billion in the last 17 months, the State Bank of Pakistan (SBP) said on Monday.
The Roshan Digital Account (RDA) program has achieved a critical milestone, achieving a cash flow of $3.382 billion in just 17 months—a noteworthy accomplishment for Pakistan’s banking system. This accomplishment highlights the initiative’s effectiveness, which has been essential in drawing in investments from Pakistanis living abroad and bolstering the nation’s economy.
The Roshan Digital Account program, introduced by the State Bank of Pakistan (SBP) in September 2020, was created to give Non-Resident Pakistanis (NRPs) a safe and effective platform for managing their finances and investing in Pakistan. The program seeks to close the gap between NRPs and their native country by providing a variety of financial services, such as savings accounts, fixed deposits, and investment options in Naya Pakistan Certificates.
The success of the Roshan Digital Account project is indicative of the Pakistani government’s larger endeavors to interact with its diaspora and harness their potential for the country’s advancement. Pakistan’s financial strategy will continue to be anchored on the assistance and investments from abroad Pakistanis through the RDA, even as the country navigates ongoing economic issues.
it is an incredible financial accomplishment for Pakistan that the Roshan Digital Account reached the $3.382 billion milestone in just 17 months. It emphasizes how confident Pakistanis living abroad are in the economic prospects of their country and how well the State Bank of Pakistan and the government have executed a key financial endeavor. The RDA seems to be a major force behind economic growth and stability as it develops and expands.
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