The State Bank of Pakistan (SBP) has categorically denied misinformation on social media regarding withdrawals from Roshan Digital Accounts (RDAs) by overseas Pakistanis.
It clarificatory tweet read: “SBP rebuts fake news on social media about large withdrawals from Roshan Digital Account and slowdown in inflows. So far in April, inflows are very strong at around $86 million and there are no abnormal outflows. Total inflows have now surpassed $4 billion”.
#SBP rebuts fake news on social media about large withdrawals from #RoshanDigitalAccount and slowdown in inflows. So far in April, inflows are very strong at around $86 mn & there are no abnormal outflows. Total inflows have now surpassed $4bn.
— SBP (@StateBank_Pak) April 11, 2022
The foreign exchange inflow through the RDAs was recorded at a total of $3.922 billion alongside the opening of as many as 23,312 new accounts by the end of March.
Pakistan had registered inflows of $290 million last month as compared to $250 million in February – which is more than the average inflows of $253 million during the last six months and depicts a month-on-month increase of $40 million or 16 percent.
Since the launch of the program, 388,494 RDAs have been opened, and the number of accounts opened increased by 6.4 percent on a monthly basis.
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The number of overseas Pakistanis is claimed to be around 90 million. However, only 388,500 RDAs are opened todate. This means only 4.32% patriotic Pakistanis living abroad have Rosha Digital Accounts in Pakistan. The government should announce schemes to lure more Pakistanis to open these accounts.