Corona (COVID-19) Global Stats

Roshan Digital Account had crossed the $1.5 billion mark, PM

Prime Minister Imran Khan said on Sunday that inflows from the Roshan Digital Account had crossed the $1.5 billion mark.

“Good news from SBP. #RoshanDigitalAccount achieves more milestones,” the premier wrote on Twitter.

“Inflows crossed $1.5 bn on Friday, with investment in Naya Pakistan Certificates surpassing $1 bn,” he added.

The premier noted that, “Accounts & deposits have set new records since the $1 bn event 2 months ago.

Overseas Pakistanis’ confidence in the domestic economy is on the rise as in late April, the volume of their foreign currency deposits with local banks and their investments in a number of schemes through the Roshan Digital Accounts (RDA) surpassed a major milestone of $1 billion.

These inflows have played a significant role in strengthening Pakistan’s foreign currency reserves to around four-year high of over $16 billion, improving the country’s capacity to make international payments, including the import bill and foreign debt repayments, and stabilising the rupee-dollar parity at around Rs153.

Leave a Comment

Your email address will not be published.