Last Updated on: 13th July 2023, 05:38 pm
The flow of foreign exchange through Roshan Digital Accounts (RDA) has reached the $1.2 billion mark, officials said during a webinar organized by Habib Bank Limited (HBL) in partnership with the State Bank of Pakistan (SBP) and the High Commission of Pakistan, Canada.
The RDA initiative was launched in September 2020 to assist Pakistanis abroad with banking, payment, and investment activities. Since their inception, the number of RDAs and the flow of money through these accounts have grown steadily.
To date, 160,000 foreign Pakistani nationals from more than 170 countries have invested 1.25 billion US dollars in the RDA.
The latest SBP quarterly report “The State of Pakistan’s Economy” for the fiscal year 2020-21 shows the RDA as a positive development in the external sector.
