Pakistanis abroad send $160m to RDA in December

January 15, 2024 (MLN): Total inflows into Roshan Digital Accounts (RDA) during December, 2023 stood at $160 million, bringing the total cumulative inflows into RDA to $7.195 billion.

However, according to data released by the SBP, the amount repatriated and locally utilized during the month was $127m showing that the Net Repatriable Liability of RDA increased by $33m in December.

The amount repatriated during the month was $7m while $120m was utilized locally.

Total cumulative repatriation and local utilization stood at $5.98bn out of which $1.54bn has been repatriated while locally utilized amount was $4.44bn making the Net Repatriable Liability (NRL) $1.22bn or 16.89% of total RDA.

Breakup of the NRL shows $331m was still invested in Conventional Naya Pakistan Certificates (NPC), $455m was in Islamic NPC, Equity investment stood at $30m, Balances in Accounts was $375m while Other Liabilities stood at $24m.

Total amount received during the current financial year was $845m compared to $970m in the corresponding period of the previous year.

Total repatriation and local utilization during the current financial year was $751m compared to $1.34bn in the corresponding period last year.

During the month of December, 10,182 new accounts were opened taking the total number of accounts to 651,057.

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.

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