Roshan Digital Account Inflows Rise to $204 Million in October 2024
The data showed that the inflows of remittances during October were recorded at US$ 204 million as compared to US$ 168 million in September and US$ 165 million in August 2024, according to the latest data released by the State Bank of Pakistan (SBP).
These accounts provide innovative banking solutions to millions of Non-Resident Pakistanis (NRPs), including Non-Resident Pakistan Origin Card (POC) holders, seeking to undertake banking, payment, and investment activities in Pakistan.
The number of accounts registered under the program also rose by 11,336 to 757,587 in October 2024 from 746,251 accounts in September 2024.
Roshan Digital Account inflows reach $8.25 bn on June 24
By the end of October, overseas Pakistanis have invested US $393 million in Naya Pakistan Certificates, US $687 in Naya Pakistan Islamic Certificates, and US $45 million in Roshan Equity Investment.
The Roshan Digital Account was introduced by the State Bank to facilitate overseas Pakistanis in sending remittances and investing in Pakistan.
It is pertinent to mention here that in September 2020, former prime minister Imran Khan launched the Roshan Digital Account project aimed at providing digital banking facilities to overseas Pakistanis for the first time in the country.
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