Everyday News

Foreign Deposits by NRPs under RDA cross $4.6bn in FY22

KARACHI: Remittances received under the Roshan Digital Account (RDA) initiative crossed $4.6 billion in June 2022, according to data released by the State Bank of Pakistan (SBP).

invest with imarat

Islamabad’s emerging city centre

Learn More

Deposits made by overseas Pakistanis under RDAs reached a total of $250 million in June 2022, as compared to $189 million in May 2022, indicating a rise of 32 percent on a month-on-month (MoM) basis.

According to official data, a total of 429,364 RDAs have been registered since the project’s initiation, with an average increase of three percent on an MoM basis from May to June 2022.

The Roshan Digital Account is an initiative of the SBP, in collaboration with commercial banks, to offer innovative digital baking solutions to Non-Resident Pakistanis (NRPs) that wish to engage in payment, baking, and investment activities in Pakistan.

Ahmed Rehan

An editor and writer at Graana.com, Ahmed Rehan Nasir has a passion for creating engaging and informative content. With years of experience in the industry, Rehan has honed his writing skills and developed a deep understanding of SEO practices, crafting content that resonates with diverse audiences.

Recent Posts

Islamabad Set to Inaugurate State-of-the-Art IT Park on August 14

ISLAMABAD: The federal government is set to inaugurate the Islamabad Information Technology Park on August…

2 days ago

Lahore’s Central Business District Completes PKR 9 Billion Smart Road Project

Lahore, April 23, 2025 – The city of Lahore has successfully completed the construction of…

3 days ago

Chaaye Khana Unveils First-Ever Rooftop Outlet at Amazon Mall with Panoramic Views

ISLAMABAD, Pakistan – April 23, 2025 – Chaaye Khana, Pakistan's popular cafe renowned for its…

5 days ago

PM Shehbaz Inaugurates Murree Road Underpass Project

ISLAMABAD: Prime Minister Shehbaz Sharif laid the foundation stone for the Murree Road underpass on…

5 days ago

Pakistan Emerges as Prime Investment Destination, Say Real Estate Developers at Dubai Property Show

DUBAI: Pakistani real estate developers and representatives showcased a range of commercial and residential investment…

6 days ago

CDA to Transform Park Road Nursery Under Rs652 Million Gardenia Hub Project

ISLAMABAD: Capital Development Authority (CDA) is currently undertaking a major Rs652 million project to upgrade…

1 week ago