RDA Receives Highest Single Day Inflows

Web Desk — The Roshan Digital Account (RDA) on Tuesday received the highest-ever single-day inflow of $57 million.

In a tweet, the State Bank of Pakistan (SBP) said, “Today marks yet another historic day in #RoshanDigitalAccount, with $57mn in deposit inflows, highest ever daily figure. With this significant increase, total deposits in RDA have crossed $4.5bn. We are humbled by the continuous trust and commitment of our #OverseasPakistanis.”

The RDA was launched in September 2020 to attract foreign exchange from overseas Pakistanis and provide them with higher returns than are available in the world markets.

The contribution of overseas Pakistanis to the economy is much bigger than the entire exports of the country while they are protecting the country from default by remitting record remittances of over $30bn.