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Overseas Pakistanis deposit $310m in June through RDA: SBP

Daily Times July 5, 2021 The State Bank of Pakistan (SBP) has said that overseas Pakistanis have deposited $1.56 billion through Roshan Digital Account (RDA) during the past 10 months, while June 2021 saw the highest monthly amount of deposits i.e. $310 million. In a statement, the SBP said that since its launch by Prime Minister Imran Khan on September 10, 2020, Roshan Digital Account has attracted significant interest from overseas Pakistanis. “A total of 181,556 accounts have been opened from 171 countries across the world and $ 1.562 billion has been deposited in these accounts through end-June 2021,” said the statement. The central bank said that in line with its commitment to transparency in its key policy measures, it has begun releasing regular data on the progress of Roshan Digital Account (RDA).

Govt plans more incentives to expats to boost remittances

Govt plans more incentives to expats to boost remittances National Remittance Loyalty Programme will be launched soon to facilitate Pakistani community abroad APP July 02, 2021 ISLAMABAD: Prime Minister Imran Khan said on Friday the government was committed to providing facilities and incentives to the overseas Pakistanis and their families, for their immense contribution to the development of Pakistan. Chairing a meeting on the increase witnessed in remittances, Imran termed the overseas Pakistanis an invaluable asset of the country. He said the remittances sent by the expats played a key role in stabilising the national economy. The prime minister directed for devising a comprehensive strategy regarding the foreign exchange and other economic needs in view of stability of economic growth and asked the relevant ministries to set targets in this regard.

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