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KARACHI: State Bank of Pakistan disclosed a record $57 million daily inflows in the Roshan Digital Account (RDA).
The central bank announced in a tweet that Roshan Digital Account registered inflows of $57 million, which is the highest ever figure for a single day. The central bank said that with this significant increase, the total deposits in RDA have crossed $4.5 billion.
Today marks yet another historic day in #RoshanDigitalAccount, with $57mn in deposit inflows, highest ever daily figure. With this significant increase, total deposits in RDA have crossed $4.5bn. We are humbled by the continuous trust and commitment of our #OverseasPakistanis. pic.twitter.com/TRQpN0Hvn5
— SBP (@StateBank_Pak) June 21, 2022
Analysts believe RDA inflows might be seeing a seasonal growth ahead of Eid-ul-Adha as overseas Pakistanis living in non-Muslim countries prefer to offer their religious obligation of sacrifice through their relatives back in Pakistan. Besides, various remittances from various countries see growth due to shopping expenses on the occasion of Eid.
In the last couple of months, the inflows under Roshan Digital Account have declined as the inflows in the month of May stood at $189 million. The deposits under RDA stood at $4.356 billion in May from $4.167 billion recorded in April.
