Inflows of Roshan Digital Account exceed $3b

Author: Web Desk

KARACHI: The State Bank of Pakistan (SBP) announced on Friday that inflows into the Roshan Digital Account (RDA) have surpassed $3 billion.

“Roshan Digital Account now has three achievements under its belt. “In just 16 months, over 300,000 accounts have been established, deposits have surpassed $3 billion, and investments in Naya Pakistan Certificates have surpassed $2 billion,” the central bank stated in a Twitter statement.

The SBP expressed gratitude to overseas Pakistanis and banks for “these remarkable results”.

Earlier, the SBP said its foreign exchange reserves fell $169 million during the week ending on December 31.

Sharing a break-up of the foreign reserves position, the central bank said that foreign currency reserves held by the SBP were recorded at $17,680 million, down $169mn compared with 17,855.3 million on December 24.

The State Bank of Pakistan possessed $17,686.0 million in foreign reserves, while commercial banks kept $6,332.8 million in net foreign reserves. The total liquid foreign reserves of the country were valued at $24,018.8 million.

Share
Leave a Comment

Recent Posts

  • Editorial

Targeted Tragedy

By the time of writing this editorial on Thursday evening, the number of innocent passengers…

13 hours ago
  • Cartoons

TODAY’S CARTOON

13 hours ago
  • Editorial

Sour Sweeteners

Sugar. The sweetener word brings sour taste to one's mind when people come across the…

13 hours ago
  • Op-Ed

Trump’s Bureaucracy Cuts

The stunning results of the USA elections surprised both Democrats and Republicans alike. Trump's unprecedented…

13 hours ago
  • Op-Ed

Countering Misinformation

The advancement of technology around the world and the widespread spread of social media have…

13 hours ago
  • Op-Ed

“It’s the economy stupid!”

Pakistan's democratic system is in jeopardy. Civilians and the military have taken turns to rule…

13 hours ago