The number of Roshan Digital Account (RDA) holders has reached 500,000,according to the State Bank of Pakistan’s (SBP).
“Thanks to our Overseas Pakistanis & participating banks, we have passedthe major milestone of 500,000 Roshan Digital Accounts,” the central banksaid in a Tweet on Friday.
“SBP is committed to taking this initiative to new heights & continuing toserve [the] needs of Overseas Pakistanis,” it added.
As of November 2022, foreign exchange inflows through RDAs were recorded ata total of $5.4 billion. Deposits under RDAs registered inflows of $141million (-3.4 percent) during the period, compared to $146 million inOctober.
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The central bank is working on enhanced RDA facilities for overseasPakistanis for doing business and investments in Pakistan. The bankingregulator is also working to increase the number of participating banks forenhancing the coverage of RDA services to different countries.
