RDA inflows surpass $9bn mark

MG News | November 09, 2024 at 12:30 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

November 09, 2024 (MLN): The total cumulative inflows into Roshan Digital Accounts (RDA) have surpassed the $9 billion mark as of November 07, 2024.

It is crucial to note that as of the end of September, the total cumulative inflows into RDA stood at $8.749bn.

This means that RDA has attracted over $256 million inflows in a little over a month.

Cumulatively in fiscal year 2024-25, total amount received stood at $750m.

RDA is a major initiative of the central bank, in collaboration with commercial banks operating in Pakistan.

These accounts provide innovative banking solutions for millions of Non-Resident Pakistanis (NRPs), including Non-Resident Pakistan Origin Card (POC) holders, seeking to undertake banking, payment, and investment activities in Pakistan.

SBP has made it possible to allow overseas Pakistanis to open an account in a Pakistani bank completely digitally in a presenceless manner and without needing to visit any bank, any embassy, or consulate.

The account opening process requires only basic information and documents, with banks instructed to complete all necessary customer due diligence within 48 hours.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,576.54 88.10M	0.42% 679.86
ALLSHR	98,839.99 203.83M	0.40% 390.30
KSE30	48,885.83 54.30M	0.41% 198.37
KMI30	235,152.09 50.55M	0.56% 1302.78
KMIALLSHR	64,432.61 101.57M	0.60% 384.52
BKTi	44,499.38 16.78M	0.34% 152.32
OGTi	34,750.91 3.64M	0.95% 327.96

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,385.00	77,530.00 76,465.00	550.00 0.72%
BRENT CRUDE	110.19	111.49 109.56	-1.09 -0.98%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-7.75 -6.58%
ROTTERDAM COAL MONTHLY	111.50	111.50 111.50	0.90 0.81%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	103.10	104.45 102.50	-1.05 -1.01%
SUGAR #11 WORLD	14.97	15.10 14.95	-0.04 -0.27%