RDA attracts $182m in March 2024

April 25, 2024 (MLN): Total inflows into Roshan Digital Accounts (RDA) during March 2024 stood at $182 million, bringing the total cumulative inflows into RDA to $7.66 billion.

However, according to data released by the SBP, the amount repatriated and locally utilized during the month was $153m showing that the Net Repatriable Liability of RDA increased by $29m in March.

The amount repatriated during the month was $17m while $135m was utilized locally.

Total cumulative repatriation and local utilization stood at $6.37bn, of which $1.576bn was repatriated. At the same time, the locally utilized amount was $4.8bn making the Net Repatriable Liability (NRL) $1.28bn or 16.75% or Total RDA.

Breakup of the NRL shows $312m was still invested in Conventional Naya Pakistan Certificates (NPC), $528m was in Islamic NPC, Equity investment stood at $31m, Balances in Accounts were  $381m while Other Liabilities stood at $31m.

The total amount received during the current financial year was $1.31bn compared to $1.36bn in the corresponding period of the previous year.

Total repatriation and local utilization during the current financial year was $1.15bn compared to $1.926bn in the corresponding period last year.

During March, 11,091 new accounts were opened taking the total number of accounts to 679,792.0.

The highest monthly inflow into RDA was recorded in June 2021, when 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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