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RDA attracts $142m in January

RDA attracts $142m in January
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February 20, 2024 (MLN): Total inflows into Roshan Digital Accounts (RDA) during January, 2024 stood at $142 million, bringing the total cumulative inflows into RDA to $7.337 billion.

However, according to data released by the SBP, amount repatriated and locally utilized during the month was $126m showing that the Net Repatriable Liability of RDA increased by $16m in January.

Amount repatriated during the month was $12m while $114m was utilized locally.

Total cumulative repatriation and local utilization stood at $6.11bn out of which $1.55bn has been repatriated while locally utilized amount was $4.56bn making the Net Repatriable Liability (NRL) $1.23bn or 16.78% of total RDA.

Breakup of the NRL shows $302m was still invested in Conventional Naya Pakistan Certificates (NPC), $498m was in Islamic NPC, Equity investment stood at $30m, Balances in Accounts was $380m while Other Liabilities stood at $21m.

Total amount received during the current financial year was $987 Million compared to $1.08bn in the corresponding period of the previous year.

Total repatriation and local utilization during the current financial year was $877m compared to $1.58bn in the corresponding period last year.

During the month of January, 8,749 new accounts were opened taking the total number of accounts to 659,806.

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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Posted on: 2024-02-20T10:17:33+05:00