Roshan Digital Account crosses $1bn milestone: PM
MG News | April 24, 2021 at 08:23 PM GMT+05:00
April 24, 2021 (MLN): The Roshan Digital Account (RDA) launched in September last year, has crossed a major milestone and hit the $1 billion mark as overseas Pakistanis continued to show trust in the Central Bank initiative.
Taking to official Twitter handle on Saturday, Prime Minister Imran Khan thanked non-resident Pakistanis and appreciated the banks and State Bank of Pakistan (SBP) for achieving the milestone in such a short period.
"Alhamdulilah, funds received through Roshan Digital Account have crossed $1bn. I would like to thank our overseas Pakistanis for their overwhelming response; also appreciate the efforts of SBP & banks for achieving this significant milestone in such a short period," the Prime Minister tweeted.
Roshan Digital Account is a major initiative of the State Bank of Pakistan, in collaboration with commercial banks operating in Pakistan. These accounts provide innovative banking solutions for millions of Non-Resident Pakistanis (NRPs) seeking to undertake banking, payment, and investment activities in Pakistan.
In almost a month period RDA attracts $194mn. On March 21, 2021, deposits through RDA were at $806mn.
In September 2020, when it was launched it attracted only $6mn.
According to analysts, by June 2021 it might easily be near to the $1.5bln mark.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 150,016.16 145.54M | 0.56% 837.50 |
| ALLSHR | 90,164.34 252.99M | 0.46% 410.34 |
| KSE30 | 45,486.46 99.07M | -0.00% -1.03 |
| KMI30 | 214,854.66 60.89M | 0.67% 1433.99 |
| KMIALLSHR | 58,253.19 111.97M | 0.44% 254.55 |
| BKTi | 41,815.03 51.07M | -1.21% -510.60 |
| OGTi | 30,860.86 6.60M | 0.86% 262.33 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 74,335.00 | 76,190.00 73,965.00 | 215.00 0.29% |
| BRENT CRUDE | 102.86 | 104.98 101.44 | 2.65 2.64% |
| RICHARDS BAY COAL MONTHLY | 99.40 | 0.00 0.00 | -11.70 -10.53% |
| ROTTERDAM COAL MONTHLY | 121.50 | 0.00 0.00 | 0.35 0.29% |
| USD RBD PALM OLEIN | 1,083.50 | 1,083.50 1,083.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 95.99 | 98.42 93.88 | 2.49 2.66% |
| SUGAR #11 WORLD | 14.29 | 14.34 14.19 | 0.10 0.70% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Private Sector Credit