RDA attracts $177m in April

May 15, 2025 (MLN): Total inflows into Roshan Digital Accounts (RDA) during April 2025 stood at $177 million, bringing the total cumulative inflows into RDA to $10.18 billion.

Compared to the previous month's inflow of $235m, April showed a decrease of $58m.

However, according to data released by the SBP, the amount repatriated and locally utilised during the month was $182m, showing that the Net Repatriable Liability of RDA decreased by $5m in April.

The amount repatriated during the month was $24m, while $159m was utilised locally.

Total cumulative repatriation and local utilisation stood at $8.283bn, out of which $1.75bn has been repatriated, while the locally utilised amount was $6.527bn, making the Net Repatriable Liability (NRL) $1.897bn or 18.63% of Total RDA.

Breakup of the NRL shows $456m was still invested in Conventional Naya Pakistan Certificates (NPC), $900m was in Islamic NPC, Equity investment stood at $58m, Balances in Accounts were $444m, while Other Liabilities stood at $39m.

The total amount received during the current financial year was $1.925bn compared to $1.481bn in the corresponding period of the previous year.

Total repatriation and local utilisation during the current financial year was $1.46bn compared to $1.282bn in the corresponding period last year.

During April, 8,802 new accounts were opened, taking the total number of accounts to 814,244.

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

The highest monthly repatriation and local utilisation from RDA was recorded in July 2022, during which the 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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