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Roshan Digital Account for overseas Pakistanis crosses 100,000 accounts, attracts $671m

Roshan Digital Account for overseas Pakistanis crosses 100,000 accounts, attracts $671m 14 Mar 2021 Tariq Butt, Correspondent The Roshan Digital Account (RDA) launched in September last year for overseas Pakistani has crossed 100,000 accounts and attracted $671 million, the State Bank of Pakistan (SBP) said in a tweet. It said the accounts have been opened by overseas Pakistanis from over 100 countries, indicating the increasing reach of the RDA and helping the government and the central bank improve the external account of the country. The RDA, inaugurated by Prime Minister Imran Khan on Sept.10, 2020, was a joint effort of the SBP and the federal government in collaboration with commercial banks operating in Pakistan. The main purpose of the RDA is to attract millions of Pakistanis living abroad by offering much higher returns on deposits than those in developed economies.

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