{"id":42362,"date":"2022-09-07T13:37:36","date_gmt":"2022-09-07T13:37:36","guid":{"rendered":"http:\/\/nationaltimes.pk\/eng\/?p=42362"},"modified":"2022-09-07T13:37:36","modified_gmt":"2022-09-07T13:37:36","slug":"rda-inflows-reach-5-billion-mark-in-24-months","status":"publish","type":"post","link":"https:\/\/nationaltimes.pk\/eng\/2022\/42362\/","title":{"rendered":"RDA inflows reach $5 billion mark in 24 months"},"content":{"rendered":"<p>ISLAMABAD (National Times) &#8211; Inflow of remittances under Roshan Digital Account (RDA) rose to US $4.981 billion by the end of August 2022 as compared to US $4.794 billion till end of July, according to a latest data released by the State Bank of Pakistan.<\/p>\n<p>The data showed that the inflows of remittances during the month of August were recorded at $187 million as compared to $188 million in July and $250 million in June, 2022.<\/p>\n<p>Roshan Digital Account (RDA) was launched by State Bank of Pakistan in collaboration with commercial banks operating in the country.<\/p>\n<p>These accounts provide innovative banking solutions to millions of Non-Resident Pakistanis (NRPs), including Non-Resident Pakistan Origin Card (POC) holders, and seeking to undertake banking, payment and investment activities in Pakistan.<\/p>\n<p>As per data, expatriate Pakistanis from 175 countries had deposited the funds to 456,732 accounts opened through RDA.<\/p>\n<p>The number of accounts has also been increased from 441,344 in July to 456,732 in August 2022, which means some 15,388 new accounts were opened in August.<\/p>\n<p>The scheme that started in September 2020 received lukewarm response from the overseas Pakistanis who deposited only $7 million in the opening month, however with the passage of time the interest kept on increasing as the inflow reached to $40 million in October 2020 and $110 million in the subsequent month.<\/p>\n<p>The State Bank of Pakistan Spokesperson said on his official twitter handle \u201cToday marks yet another historic day in Roshan Digital Account as the total deposits have crossed $5bn. We thank our Overseas Pakistanis for their continuous trust in making SBP\u2019s Roshan Digital Account a huge success.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD (National Times) &#8211; Inflow of remittances under Roshan Digital Account (RDA) rose to US $4.981 billion by the end of August 2022 as compared to US $4.794 billion till end of July, according to a latest data released by the State Bank of Pakistan. The data showed that the inflows of remittances during the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":42366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-42362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RDA inflows reach $5 billion mark in 24 months - Nation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationaltimes.pk\/eng\/2022\/42362\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RDA inflows reach $5 billion mark in 24 months - Nation\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD (National Times) &#8211; Inflow of remittances under Roshan Digital Account (RDA) rose to US $4.981 billion by the end of August 2022 as compared to US $4.794 billion till end of July, according to a latest data released by the State Bank of Pakistan. 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