Islamabad: Governor State Bank of Pakistan (SBP) Reza Baqir disclosed that over 1,000 accounts are being opened daily under Roshan Digital Account (RDA) programme for overseas Pakistanis, according to news published on Thursday (September 23).
The SBP governor, while briefing Prime Minister (PM) Imran Khan on the progress made in the Roshan Digital Account, stated that total 204,000 accounts have been opened under the RDA initiative. It was reported that so far, USD 2.3 billion have been received through these accounts. The prime minister, in response, associated the rise in accounts with improved confidence of non-resident Pakistanis in the initiative.
Last month, it was mentioned that RDA crossed the USD 2 billion mark, making it a huge accomplishment. Under this programme, the SBP (with the help of 8 major banks in the country) launched a digital banking system through which Pakistanis can avail the banking facility in their home country. In addition to this, the overseas Pakistanis will not have to visit banks to open accounts.
According to Governor SBP Baqir, the growth rate has elevated from minus level to 4%, which indicates that people have started to work and earn more. He went to say that the foreign remittances rose by 27% during the last fiscal year. This trend is expected to continue this fiscal year as well.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
