The inflow of remittances through the Roshan Digital Account (RDA) has seen a significant rise, reaching US$8.055 billion by the end of May 2024, compared to US$7.831 billion by the end of April 2024, as per the latest data from the State Bank of Pakistan (SBP).
Data indicates that remittance inflows in April amounted to US$224 million, showing an increase from US$171 million in March and US$182 million in February 2024.
Roshan Digital Accounts offer innovative banking solutions to millions of Non-Resident Pakistanis (NRPs), including Non-Resident Pakistan Origin Card (POC) holders, enabling them to engage in banking, payment, and investment activities in Pakistan.
The number of accounts registered under the Roshan Digital Account program has also increased by 12,960 to 702,610 in May 2024 from 689,650 accounts in April 2024.
Furthermore, overseas Pakistanis have invested US$338 million in Naya Pakistan Certificates, US$582 million in Naya Pakistan Islamic Certificates, and US$37 million in Roshan Equity Investment by the end of May.
This surge in remittances and investments reflects the confidence of overseas Pakistanis in the Roshan Digital Account initiative and their continued support to contribute to Pakistan's economy.
