Islamabad, Aug 21: According to the most recent data given by the State Bank of Pakistan (SBP), the inflow of remittances under the Roshan Digital Account (RDA) increased to US $8.41 billion by the end of July 2024 from US $8.8.25 billion by the end of June 2024.
According to the report, remittance inflows in July totaled US$ 161 million, down from US$ 200 million in June 2024. Millions of Non-Resident Pakistanis (NRPs), including those who own Non-Resident Pakistan Origin Cards (POCs), can now engage in banking, payment, and investing activities in Pakistan with the help of these accounts, which offer cutting-edge banking solutions.
Additionally, 10,820 more accounts were registered under the program in July 2024 (compared to 712,778 accounts in June 2024), totaling 723,598 accounts. The State Bank launched the Roshan Digital Account to make it easier for Pakistanis living abroad to invest in and send money home. It is important to note that former prime minister Imran Khan introduced the Roshan Digital Account initiative in September 2020 with the goal of giving Pakistanis living abroad access to digital banking services for the first time.
