PM thanks expats for remitting $1bn through Roshan Digital Account

ISLAMABAD: Prime Minister Imran Khan took to Twitter on Saturday to thank overseas Pakistanis as cumulative inflows in Roshan Digital Account (RDA) crossed the $1 billion mark.

“Alhamdulillah, funds received through Roshan Digital Account have crossed $1bn. I would like to thank our overseas Pakistanis for their overwhelming response,” the prime minister wrote on his official Twitter handle.

He also appreciated the efforts of State Bank of Pakistan (SBP) and banks for achieving this significant milestone in such a short period.

Roshan Digital Account is a major initiative of State Bank of Pakistan (SBP), in collaboration with commercial banks operating in Pakistan. This provides non-resident Pakistanis with an opportunity to remotely open an account in the country through an entirely digital and online process without any need to visit a bank branch.

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According to the State Bank’s data, the RDA inflows were recorded at $9 million in September last year, $42m in October, $110m in November, and $250m in December last year.

The inflows jumped to $418m in January this year, $594m in February, $806m in March and $1,000m on April 23.

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