RDA inflows surpassed $4bn in April 2022
KARACHI: Roshan Digital Account (RDA) surpassed $4bn inflows by the end of April 2022 adding to the shrinking foreign reserves. State Bank data showed RDA inflows to have reached $4.2bn from September 2020 to April 2022. In April 2022 alone, these inflows reached $245mn. Expatriates opened a total of 403,750 accounts from 175 countries. This constituted a large number of non-resident Pakistanis (NRPs) funds. By the end of March, the number of digital accounts stood at 388,494. The Naya Pakistan Certificates (NPCs) scheme continues to offer impressive rupee and foreign currency rates, especially in USD, GBP, and Euro. The latest data showcased no major effect on RDA inflows due to...