Roshan Digital Account totaled $5.686bn by Jan 2023
Business
Remittance inflows were $110 million in January up from $140 million in December, SBP figures
ISLAMABAD (Dunya News) - The payments made while using the Roshan Digital Account by the end of January 2023, totaled $5.686 billion, Dunya News reported.
The State Bank of Pakistan (SBP) said by the end of December 2022, the RDA payments totaled $5.57 billion and as of January 2023 there were 524,822 accounts registered under the scheme.
Remittance inflows were $110 million in January up from $140 million in December and $141 million in November 2022, according to central bank's figures.
The amount of accounts registered under the RDA programme also grew from 511,159 in December 2022 to 524,822 in January 2023.
In the first month of the programme which was introduced in September 2020, barely $7m were deposited by Pakistanis living abroad.
The RDA, which enables non-resident Pakistanis to make payments in Pakistan, was introduced during the previous administration in partnership with local commercial banks.
