Govt’s Roshan Digital Account intiative crosses major milestone of 500,000
The central bank took to its official Twitter account to break the news.
According to the State Bank of Pakistan (SBP), the number of Roshan Digital Account (RDA) holders has reached around 500,000.
The central bank took to its official Twitter account to break the news. ‘Thanks to our Overseas Pakistanis and participating banks, we have passed the major milestone of 500,000,’ SBP wrote.
“Thanks to our Overseas Pakistanis & participating banks, we have passed the major milestone of 500,000 #RoshanDigitalAccounts. #SBP is committed to taking this initiative to new heights & continuing to serve needs of #OverseasPakistanis. For more info: https://t.co/vOxEvdqlJn pic.twitter.com/eqQFY6tYXu
— SBP (@StateBank_Pak) December 9, 2022
It further said that SBP is working on taking this initiative to new heights and continuing to target the needs of Pakistanis that are abroad.
In November 2022, a total of $5.4 billion foreign exchange inflows through RDAs were recorded. The deposits under RDA registered inflows were estimated at $141 million as compared to $146 million in the month of October.
The Central Bank is making efforts on enhancing the RDA facilities for overseas Pakistanis that are doing businesses in Pakistan. It is also working on increasing the coverage of RDA by increasing the number of participating banks.
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