RDA Inflows Rise To $4.356 Billion In May.

Inflow of remittances under Roshan Digital Account (RDA) rose to US $4.356 billion by the end of May 2022 as compared to US $4.167 billion till end of April, according to a latest data released by the State Bank of Pakistan.

The data showed that the inflows of remittances during the month of May were recorded at $189 million as compared to $245 million in April and $290 million in March, 2021.

Roshan Digital Account (RDA) was launched by State Bank of Pakistan in collaboration with commercial banks operating in the country.

As per data, expatriate Pakistanis from 175 countries had deposited the funds to 416,837 accounts opened through RDA.

The number of accounts has also been increased from 403,750 in April to 416,837 in May 2022, which means some 13,087 new accounts...