RDA surpasses $4bn: SBP

News Image

MG News | April 11, 2022 at 09:17 PM GMT+05:00

0:00

April 11, 2022 (MLN): While refuting the fake news on social media pertaining to large withdrawals from the Roshan Digital Account (RDA), the State Bank of Pakistan (SBP) has informed that total inflows in RDA have now surpassed $4 billion.

Taking its official Twitter handle, the central bank clarified, “So far in April, inflows are very strong at around $86 million and there are no abnormal outflows.”

Since the start of the RDA, a banking facility for Pakistani abroad, the outgoing government had made a number of decisions to make the scheme more attractive by reducing the tax compliance costs.

Further, the government had made the taxation system easy, convenient, and hassle-free for NRPs to open and operate these accounts without being physically present in the country.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,100.00 118,150.00
117,905.00
480.00
0.41%
BRENT CRUDE 73.47 73.63
71.75
0.96
1.32%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.22 70.33
70.18
0.22
0.31%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

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