PM Shehbaz thanks overseas Pakistanis for sending record remittances

Premier says government fully supporting and sponsoring Roshan Digital Account Scheme

Prime Minister Shehbaz Sharif has thanked overseas Pakistanis for sending record amounts to Roshan Digital Account.

On his Twitter handle, the premier stated that the record amount of 57 million dollars was sent by overseas Pakistanis in a single day.

An amount of $57 million has been deposited in the Roshan Digital Account and the current amount has now exceeded over $4.5 billion.

PM Shehbaz appreciated overseas Pakistanis for setting a new record by sending such a massive amount in 24 hours.

He lauded overseas Pakistanis for playing a subsequent role in strengthening the economy of Pakistan.

The premier vowed to handle the economic crisis and to come out of economic difficulties. He said that he hoped to fulfil the hopes and expectations of overseas Pakistanis.

He further added that the government was fully supporting and sponsoring the Roshan Digital Account Scheme. It was also taking various steps for the convenience of overseas Pakistanis, the premier added.

It is pertinent to mention that $57 million sent to Roshan Digital Account was the highest amount received in a single day.

The current reserve in the Roshan Digital Account has reached $4.5 billion. Remittances from overseas Pakistanis abroad through RDA have been steadily increasing.

The data shows that as per May 22, 2022, there were about 4.43 billion dollar deposits in the SBP, which were received though eight different accounts by RDA. Since then, an increase of $169 million has been observed.

The Roshan Digital Account was launched in September 2020 by the Pakistan Tehreek-e-Insaf led government and this step progressively increased the amount of remittances that Pakistan was receiving from the overseas Pakistanis.

The fall of PTI government and the formation of a coalition government led by Pakistan Muslim League-Nawaz did not seem to affect the inward flow of money from overseas Pakistanis to Pakistan as per the data.

The data suggests that the amount received by RDA till March 22 was $3.9 billion, which progressively increased from $4.1 billion (April 22) to $4.3 billion (May 21). The reserves were 4.5 billion as of May 21.

According to bank sources, the sudden increase in remittances from overseas Pakistanis could be due to Eid-ul-Adha.