Roshan Digital Accounts surpass of $8.749bn remittances

Roshan Digital Accounts (RDA) have surpassed a remittance volume of $8.749 billion for overseas Pakistanis.

According to the State Bank, overseas Pakistanis have invested $1.532 billion through RDA, including $380 million in traditional New Pakistan Certificates, $656 million in Islamic New Pakistan Certificates, and $41 million in the Pakistan Stock Exchange.

On the other hand, The rupee has weakened against the USD, GBP, and other major currencies, while making modest gains against the euro, according to the latest exchange rates updated on Monday.

The indicative buying rate for the US dollar stood at Rs278.05 for selling and Rs277.55 for buying.

The British Pound (GBP) was quoted at Rs363.12 for selling and Rs362.47 for buying.

Additionally, Euro (EUR), stood at Rs303.79 for selling and Rs303.25 for buying.

Meanwhile, Pakistan Stock Exchange (PSX) made a marginal recovery in late trading on Friday as it crept up 30 points due to a strong earnings outlook for banking and auto sectors.

trading got off to a positive start, with the KSE-100 index reaching its intra-day high of 85,750.18 points.

However, the early momentum petered out as the index slipped below the 85,000 mark, hitting the intra-day low of 84,774.45 points before midday.