RDA attracts $182m in June

July 19, 2025 (MLN): Total inflows into Roshan Digital Accounts (RDA) during June 2025 stood at $182 million, bringing the total cumulative inflows into RDA to $10.56 billion.

Compared to the previous month's inflow of $201, June showed a decrease of $19m.

However, according to data released by the SBP, the amount repatriated and locally utilised during the month was $138m, showing that the Net Repatriable Liability of RDA increased by $44m in June.

The amount repatriated during the month was $24m, while $114m was utilised locally.

Total cumulative repatriation and local utilisation stood at $8.57bn, out of which $1.811bn has been repatriated, while the locally utilised amount was $6.76bn, making the Net Repatriable Liability (NRL) $1.99bn or 18.84% of Total RDA.

Breakup of the NRL shows $466m was still invested in Conventional Naya Pakistan Certificates (NPC), $926m was in Islamic NPC, Equity investment stood at $70m, Balances in Accounts were $485m, while Other Liabilities stood at $44m.

The total amount received during the current financial year was $2.31bn compared to $1.9bn in the corresponding period of the previous year.

Total repatriation and local utilization during the current financial year was $1.75bn compared to $1.59bn in the corresponding period last year.

During June, 8,739 new accounts were opened, taking the total number of accounts to 831,963.0.

The highest monthly inflow into RDA was recorded in June 2021, during which inflows of $310m were received.

The highest monthly repatriation and local utilization from RDA was recorded in July 2022, during which NRL of RDA reduced by $330M.

However, from mid-2022 to early 2023, there was a sharp decline, with capital outflows reaching nearly $150m, likely due to economic uncertainties and policy shifts.

A gradual recovery began in 2023, with sustained inflows strengthening throughout 2024, indicating renewed investor confidence.

RDA is a major initiative of SBP, in collaboration with commercial banks operating in Pakistan.

These accounts provide innovative banking solutions for millions of Non-Resident Pakistanis (NRPs), including Non-Resident Pakistan Origin Card (POC) holders, seeking to undertake banking, payment, and investment activities in Pakistan.

SBP has made it possible to allow overseas Pakistanis to open an account in a Pakistani bank completely digitally in a presenceless manner and without needing to visit any bank, any embassy, or consulate.

The account opening process requires only basic information and documents, with banks instructed to complete all necessary customer due diligence within 48 hours.

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