Karachi: The Roshan Digital Account (RDA) saw the highest single-day remittance inflow of USD 57 million on Tuesday (June 21), achieving a net total of USD 4.5 billion, news sources reported.
Reportedly, in a tweet from the official Twitter account, the State Bank of Pakistan (SBP) shared the numbers and praised non-resident Pakistanis (NRPs) for their trust. The central bank said
‘Today marks yet another historic day in #RoshanDigitalAccount, with $57mn in deposit inflows, the highest ever daily figure’. With this significant increase, total deposits in RDA have crossed USD 4.5 billion. We are humbled by the continuous trust and commitment of our #OverseasPakistanis.
Today marks yet another historic day in #RoshanDigitalAccount, with $57mn in deposit inflows, highest ever daily figure. With this significant increase, total deposits in RDA have crossed $4.5bn. We are humbled by the continuous trust and commitment of our #OverseasPakistanis. pic.twitter.com/TRQpN0Hvn5
The influx is higher than what was recorded in May, when it was roughly USD 189 million. According to reports, the current surge in inflows is seasonal, owing mostly to the approaching Eid-ul-Azha in the first week of July. It is worth noting that the inflow occurred against the backdrop of a liquidity downturn and depleting foreign exchange reserves.
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
