Trends - RDA - Business Recorder

Markets

RDA inflow clocks in at $125mn in February, up 14% month-on-month

SBP data does not convey outflows on monthly basis

Updated 08 Mar, 2023 07:41pm

Print

RDA: pace of growth slightly lower

KARACHI: Inflows of Roshan Digital Accounts (RDA) maintained an upward momentum and rose to $5.63 billion at the end...

Updated 04 Feb, 2023 09:29am

Markets

Roshan Digital Accounts: inflow clocks in at meagre $110mn in January

This is the lowest monthly figure since November 2020, which was the third month of the initiative

Published 03 Feb, 2023 06:43pm

Business & Finance

RDA: Number reaches the half million mark

KARACHI: The number of Roshan Digital Accounts (RDA) reached half million mark by end of December 2022. According to...

Published 06 Jan, 2023 05:58am

Business & Finance

Bank Alfalah gets two IBP awards

KARACHI: Bank Alfalah got accolades from the prestigious Institute of Bankers Pakistan (IBP) at the Pakistan Banking...

Published 16 Dec, 2022 05:58am

Business & Finance

Roshan Digital Account: monthly inflow lowest since Dec 2020, clocks in at $141mn in Nov

Experts say decline in RDA inflows is attributed to central bank’s decision not to revise its rates offered on the USD-denominated NPCs

Published 08 Dec, 2022 05:17pm

Markets

Are Naya Pakistan Certificates losing their charm?

Experts believe massive outflow in recent months is due to spike in global interest rates and uncertainty over Pakistan's economy

Published 21 Nov, 2022 09:49pm

Business & Finance

Roshan Digital Account: Inflows down, clock in at $146mn in October

RDA inflows lowest since December 2020, register month-on-month fall from $168 million in September 2022

Updated 07 Nov, 2022 08:18pm

Pakistan

RDA seals 50 shops and two CNG stations

RAWALPINDI: On the direction of the Director General Rawalpindi Development Authority (RDA) Muhammad Saif Anwar...

Published 17 Oct, 2022 07:54am

Business & Finance

Roshan Digital Account: Inflows clock in $5.14bn in 25 months

Month-on-month RDA inflows are down 10%

Updated 06 Oct, 2022 11:14pm

Markets

Fourth successive loss: Rupee depreciates to settle at 223.42 against US dollar

Analysts say decline in rupee value comes on the back of surge in demand for dollars in the local market

Updated 07 Sep, 2022 09:23pm

Business & Finance

Meezan Bank, Samba Bank celebrate RDA success in Bahrain

KARACHI: Meezan Bank and Samba Bank in collaboration with the Embassy of Pakistan in Bahrain hosted a reception at...

Published 26 Aug, 2022 06:02am

Business & Finance

Roshan Digital Accounts: inflow in July down 25% month-on-month

Cumulative inflow hits $4.794 billion in 23 months since start of programme

Updated 06 Aug, 2022 04:43pm

Business & Finance

SBP to introduce new products under RDA initiative

Initiatives include complaint management system 'Sunwai', insurance products, pension plans

Updated 30 Jul, 2022 12:10pm

Business & Finance

‘Investment opportunities in Pakistan’: BoP to hold roadshows in US

LAHORE: As part of its commitment to increase home remittance flows to Pakistan, and to increase the use of Roshan...

Published 18 Jul, 2022 06:22am

Markets

Roshan Digital Accounts: inflow clocks in at $250mn in June, up 32% month-on-month

Cumulative inflow reaches $4.606 billion in 22 months since start of programme
SBP says $800mn repatriated by RDA holders during this period

Updated 05 Jul, 2022 08:00pm

Business & Finance

JS Bank joins SBP’s RDA

KARACHI: JS Bank has become the 14th bank to join the State Bank of Pakistan’s Roshan Digital Account (RDA)...

Published 18 Jun, 2022 06:00am

Markets

Roshan Digital Accounts: inflow in May down 23% month-on-month

Cumulative inflows reach $4.36bn in 21 months

Published 07 Jun, 2022 01:16pm

Pakistan

SBP, govt refute 'baseless' claims on proposal to restrict foreign currency accounts

Ministry of Finance and central bank's joint statement comes in response to claims on social media that govt was considering putting restrictions on withdrawals from Foreign Currency Accounts, Roshan Digital Accounts and Safety Deposit Lockers

Published 06 Jun, 2022 05:53pm

Print

Auto financing facility tenor reduced by SBP

KARACHI: The State Bank of Pakistan (SBP) has announced to reduce the maximum tenor of auto finance facility by two...

Updated 25 May, 2022 09:59am

Pakistan

Overseas Pakistanis are biggest asset of country: FPCCI

KARACHI: Irfan Iqbal Sheikh, President FPCCI, has emphasized that overseas Pakistanis are the biggest asset of the...

Published 11 May, 2022 04:58am

Markets

RDA inflow down 15% in April as cumulative amount hits $4.17bn

Central bank data says 403,750 accounts have been opened so far across 175 countries during the 20-month period

Published 09 May, 2022 07:17pm

Business & Finance

PBC urges PM to revive IMF programme, withdraw fuel subsidy

Don’t allow country to experience challenges confronting Sri Lanka, says Pakistan Business Council

Updated 19 Apr, 2022 02:38pm

Business & Finance

Reports of massive withdrawal rebutted: RDA inflows surpass $4bn mark so far: SBP

KARACHI: The State Bank of Pakistan (SBP) on Monday categorically rejected the report of massive withdrawal from the...

Published 12 Apr, 2022 05:17am

Markets

SBP rebuts 'fake news' on 'large withdrawals' from Roshan Digital Accounts

Says inflows remain strong at around $86mn so far in April

Updated 11 Apr, 2022 07:47pm

Pakistan

Roshan Digital Account: inflows cross $3.9bn, NPCs attract over two-thirds of total

Roshan Digital Account (RDA), a banking solution for Non-Resident Pakistanis (NRPs), has fetched inflows amounting ...

Published 05 Apr, 2022 02:02pm

Markets

Roshan Digital Account: cumulative inflows reach $3.63bn

Register growth of 12% month-on-month in February

Published 08 Mar, 2022 10:25am

Business & Finance

RDAs: experts urge investment in PSX, say market will bounce back

Major chunk of inflows under Roshan Digital Accounts has gone to Naya Pakistan Certificates

Published 19 Feb, 2022 02:57pm

Markets

KSE-100 ends lower after range-bound session, low volume

The benchmark KSE-100 Index traded in a narrow range on the opening day of the week, remaining unable to sustain...

Published 07 Feb, 2022 08:39pm

Business & Finance

Roshan Digital Account: cumulative inflows reach $3.38 billion

Inflow in January registers 9% decrease month-on-month

Updated 07 Feb, 2022 12:15pm