Roshan Digital Account inflows rise to $8.055 bln in May 24
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According to the latest data released by the State Bank of Pakistan (SBP), the inflow of remittances under the Roshan Digital Account (RDA) surged to US $8.055 billion by the end of May 2024, compared to US $7.831 billion by the end of April 2024.
In April, the inflow of remittances reached US $224 million, marking an increase from US $171 million in March and US $182 million in February 2024.
The Roshan Digital Account offers innovative banking solutions to millions of Non-Resident Pakistanis (NRPs), including Non-Resident Pakistan Origin Card (POC) holders, enabling them to conduct banking, payment, and investment activities in Pakistan.
The number of accounts registered under the RDA program also witnessed a rise, reaching 702,610 in May 2024, up from 689,650 accounts in April 2024.
As of the end of May, overseas Pakistanis have invested US $338 million in Naya Pakistan Certificates, US $582 million in Naya Pakistan Islamic Certificates, and US $37 million in Roshan Equity Investment.
Introduced by the State Bank, the Roshan Digital Account aims to facilitate overseas Pakistanis in remitting funds and making investments in Pakistan.
