Roshan Digital Account for overseas Pakistanis attracts $671 million in 6 months

MG News | March 15, 2021 at 10:03 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 15, 2021 (MLN): The Roshan Digital Account (RDA) has crossed 100,000 accounts and deposits have reached $671 million, with half of these coming in the last 8 weeks alone, the State Bank of Pakistan (SBP) said in a tweet on Friday.

According to SBP, accounts have been opened from over 100 countries around the world.

The Roshan Digital Account, launched 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. Since its inception, the scheme has shown significant growth and helped SBP and the government to improve external accounts.

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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,089.28 109.91M	-0.21% -352.63
ALLSHR	101,117.40 308.32M	-0.15% -155.10
KSE30	49,841.71 50.59M	-0.28% -142.15
KMI30	240,372.43 78.75M	-0.02% -45.72
KMIALLSHR	65,518.16 188.07M	-0.05% -35.70
BKTi	46,228.77 7.60M	-0.60% -281.04
OGTi	33,974.66 4.20M	-0.27% -91.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	82,880.00	83,705.00 81,750.00	930.00 1.13%
BRENT CRUDE	103.89	105.09 102.33	-0.39 -0.37%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.75 0.59%
ROTTERDAM COAL MONTHLY	143.40	143.40 143.40	-1.15 -0.80%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	91.17	92.17 90.01	-0.32 -0.35%
SUGAR #11 WORLD	20.18	20.44 20.09	0.03 0.15%