Karachi: The State Bank of Pakistan (SBP) on Tuesday (April 12) said that the Roshan Digital Account (RDA) inflow is strong, with the total surpassing USD 4 billion, news sources reported. So far in April, inflows of USD 86 million have been received.
According to reports, the apex bank refuted the comments circulating on social media about the slow influx and huge withdrawal of cash from the RDA. According to a statement on the SBP’s official Twitter handle, the influx is increasing, and the bank expects the pace to continue during the upcoming days. It was highlighted that the RDA received a total influx of USD 290 million in March alone. With the Eid holidays approaching, inflows are projected to exceed the previous month’s record. It is worth noting that the government introduced RDA in September 2020 in order to encourage non-Pakistanis (NRPs) to send money more efficiently.
#SBP rebuts fake news on social media about large withdrawals from #RoshanDigitalAccount and slowdown in inflows. So far in April, inflows are very strong at around $86 mn & there are no abnormal outflows. Total inflows have now surpassed $4bn.
As many as 388,494 accounts have been opened by NRPs in 175 countries. The NRPs have sent remittances worth over USD 4billion in addition to the USD 2.6 billion invested in the Naya Pakistan Certificates.
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.
