Karachi: The State Bank of Pakistan (SBP) on Monday (February 6) said that the Roshan Digital Account (RDA) inflow has surpassed the USD 5.68 billion mark, news sources reported.
In January, non-resident Pakistanis (NRPs) sent USD 110 million through direct transfers and investments. However, the inflows have decreased over the last three months, with inflows of USD 141 million recorded in November 2022, followed by USD 140 million recorded in December 2022. The SBP has issued a statement saying that the government is taking measures to increase inflow from overseas Pakistanis by offering better-annualized returns on fixed deposits and other Roshan Digital products.
According to the SBP website, NRPs from 175 countries have opened a total of 524,822 Roshan Digital Accounts. The data shows that overseas Pakistanis invested USD 1.8 billion in Naya Pakistan Certificate under conventional banking and USD 1.77 billion invested under Islamic banking. Additionally, USD 48 million has been invested in the stock exchange so far.
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.
