Roshan Digital Account attracts over $480m in five months
Around 86,000 accounts have been opened under the initiative in Pakistani banks
The federal government has recently offered very high interest rate to overseas Pakistanis on their investments in digital accounts. PHOTO: FILE
KARACHI:
The Roshan Digital Account (RDA), which has enabled nonresident Pakistanis to invest in lucrative assets back home, has attracted foreign currency inflows of over $480 million in the first five months.
The initiative proved to be a win-win scheme as it offered attractive returns to the overseas Pakistanis.
On the other hand, the inflows kept building the country’s foreign currency reserves.