Pakistani expats remit $1.5 billion through Roshan Digital Account

Gulf Today Report

Pakistan leading bank has announced inflows of deposits through Roshan Digital Account (RDA), an initiative of the federal government to increase overseas remittances, crossed $1.5 billion mark on Friday, with investment in Naya Pakistan certificates surpassing $1 billion, a media report said.

Meanwhile, Prime Minister Imran Khan announced new achievements by the RDA initiative. On Sunday Imran Khan shared "good news" from the State Bank of Pakistan on his twitter account, saying that inflows through RDAs and its accounts and deposits had broken records since achieving the milestone of $1b two months ago.

The information was also shared during a webinar arranged by Dubai Islamic Bank Pakistan on the theme of “Banking Beyond Boundaries with Roshan Digital Accounts” in Islamabad.

The virtual meeting was told that deposits have reached an impressive figure of $1.5 billion through 165,000 accounts opened in just 10 months by overseas Pakistanis to take advantage of the digital solutions offered under RDA.

High Commissioner for Pakistan to Canada Raza Bashir Tarar described RDA as a landmark achievement of the government in providing the overseas Pakistanis with excellent digital solutions to invest and participate in the growing economy and socio-economic development of the country.