RDA attracts $141m in February

March 19, 2024 (MLN): Total inflows into Roshan Digital Accounts (RDA) during February, 2024 stood at $141 million, bringing the total cumulative inflows into RDA to $7.48 billion.

However, according to data released by the SBP, amount repatriated and locally utilized during the month was $119m showing that the Net Repatriable Liability of RDA increased by $22m in February.

Amount repatriated during the month was $9 million while $111m was utilized locally.

Total cumulative repatriation and local utilization stood at $6.23bn out of which $1.56bn has been repatriated while locally utilized amount was $4.67bn.

Breakup of the NRL shows $304m was still invested in Conventional Naya Pakistan Certificates (NPC), $501m was in Islamic NPC, Equity investment stood at $32m, Balances in Accounts was $392m while Other Liabilities stood at $24m.

Total amount received during the current financial year was $1.13bn compared to $1.21bn in the corresponding period of the previous year.

Total repatriation and local utilization during the current financial year was $996 Million compared to $1.73bn in the corresponding period last year.

During the month of February, 8,895 new accounts were opened taking the total number of accounts to 668,701.

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

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

To note, with the total RDA at $7.48bn and the NRL at $1.25bn, NRL as a percentage of total RDA stands at 16.74%.

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