KARACHI: Remittance inflow through the Roshan Digital Account (RDA) initiative rose to $4.356 billion by the end of May 2022 compared to $4.167 billion in April.
According to data released by the State Bank of Pakistan, remittances received in the month of May amounted to $189 million, while the inflow in the months of April and March were recorded at $245 million and $290 million respectively.
RDA is an initiative of the State Bank of Pakistan (SBP), launched in collaboration with commercial banks throughout the country.
These accounts serve as an innovative digital banking solution to overseas Pakistanis, including Non-Resident Pakistan Origin Card (POC) holders, seeking to partake in banking, investment, and payment activities in Pakistan.
Currently, a total of 416,837 RDA accounts are active, with funds being deposited from expatriate Pakistanis in almost 175 countries.
The number of active accounts has also jumped from 403,750 in April to 416,837 in May, indicating that a total of 13,087 new accounts were opened in May 2022.
Matiari, a district in Sindh province rich in history and culture, is well-known for its…
The Indus Highway, officially called National Highway 55 (N-55), is a 1264 km two—to four-lane…
Khairpur Tamewali is a town located in Bahawalpur, Pakistan. Known initially as Tanori, named after…
Amidst the lush valleys of the Malakand region in Khyber Pakhtunkhwa, Pakistan, lies the city…
Situated at the base of a hill with natural springs and shaded by a verdant…
Phool Nagar is in Pakistan's Punjab Province, in the Kasur District. It changed its name…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
