RDA attracts $201m in May

Jun 26, 2025 (MLN): Total inflows into Roshan Digital Accounts (RDA) during May, 2025 stood at $201 million, bringing the total cumulative inflows into RDA to $10.38 billion

Compared to the previous month's inflow of $177, May showed an increase of $24m.

However, according to data released by the SBP, amount repatriated and locally utilized during the month was $152m showing that the Net Repatriable Liability of RDA increased by $49m in May.

Amount repatriated during the month was $30m while $121m was utilized locally.

Total cumulative repatriation and local utilization stood at $8.43bn out of which $1.78bn has been repatriated while locally utilized amount was $6.64bn making the Net Repatriable Liability (NRL) $1.94bn or 18.76% or Total RDA.

Breakup of the NRL shows $461m was still invested in Conventional Naya Pakistan Certificates (NPC), $915m was in Islamic NPC, Equity investment stood at $66m, Balances in Accounts was $463m while Other Liabilities stood at $42m.

Total amount received during the current financial year was $2.12bn compared to $1.7bn in the corresponding period of the previous year.

Total repatriation and local utilization during the current financial year was $1.61bn compared to $1.43bn in the corresponding period last year.

During the month of May, 8,980 new accounts were opened taking the total number of accounts to 823,224.0.

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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