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Pakistanis remit record $310 million in June RDA deposits
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Success of RDAs attracts many countries to take guidance from SBP, says Murtaza Syed
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HSBC Fasilitasi Pinjaman Berjangka Anak Usaha Sarana Menara (TOWR) Rp1,15 Triliun
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Pakistanis in UAE largest senders of remittances through RDAs © Provided by Khaleej Times Pakistanis in UAE largest senders of remittances through RDAs
Pakistanis in the UAE are the largest remitters through RDAs, making up around one-third - $433 billion - of $1.3 billion remittances.
The UAE also ranks second in terms of account openings, as 20 per cent of Roshan Digital Accounts have been opened by those Pakistanis who re living and working in the UAE.
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RDAs were initially launched in cooperation with eight banks which have now increased to 12.
Dr Murtaza Syed, Deputy Governor of Sate Bank of Pakistan, said Pakistanis in the UAE have embraced them really well.
May 20, 2021
ISLAMABAD: Governor State Bank of Pakistan (SBP) Reza Baqir Baqir on Thursday called on Prime Minister (PM) Imran Khan, ARY News reported.
The meeting discussed the country’s overall economic conditions and Roshan Digital Accounts scheme. Governor State Bank Reza Baqir apprised the Prime Minister that overseas Pakistanis in Saudi Arabia are using the Digital Accounts and there has been an increase in the number of users after his recent [PM] visit to Saudi Arabia.
The Governor State Bank of Pakistan said that with the increase in the number of accounts holders in the Roshan Digital Accounts scheme, the foreign exchange reserves of the country are witnessing a sharp increase.