The inflows from Roshan Digital Account have reached $8.41 billion as of July 24th.
As of July 20,24, the amount of remittances under the Roshan Digital Account (RDA) has increased to US $8.41 billion, up from US $8.8.25 billion at the end of June 2024, according to the most recent data given by the State Bank of Pakistan (SBP).
The information revealed that remittance inflows for July 2024 totaled US$ 161 million, down from US$ 200 million in June of the previous year.
For the millions of Non-Resident Pakistanis (NRPs) who wish to conduct banking, payment, and investment activities in Pakistan, these accounts offer cutting-edge financial options, including those for holders of Non-Resident Pakistan Origin Card (POC).
Furthermore, from 712,778 accounts in June 2024 to 723,598 accounts in July 2024, the number of accounts registered under the program increased by 10,820.
In an effort to make it easier for Pakistanis living abroad to invest in and transfer money home, the State Bank launched the Roshan Digital Account.
Recall that in September 2020, former prime minister Imran Khan initiated the Roshan Digital Account initiative, which sought to offer digital banking services to Pakistanis living abroad for the first time.