RDA attracts $204m in Feb

March 14, 2025 (MLN): Total inflows into Roshan Digital Accounts (RDA) during February 2025 stood at $204 million, bringing the total cumulative inflows into RDA to $9.76 billion.

Compared to the previous month's inflow of $222m, February showed a decrease of $18m.

However, according to data released by the SBP, the amount repatriated and locally utilized during the month was $141m showing that the Net Repatriable Liability of RDA increased by $63m in February.

The amount repatriated during the month was $9m while $132m was utilized locally.

Total cumulative repatriation and local utilization stood at $7.9bn out of which $1.72bn has been repatriated while the locally utilized amount was $6.18bn making the Net Repatriable Liability (NRL) $1.86bn or 19.08% or Total RDA.

Breakup of the NRL shows $459m was still invested in Conventional Naya Pakistan Certificates (NPC), $860m was in Islamic NPC, Equity investment stood at $59m, Balances in Accounts was $450m while Other Liabilities stood at $37m.

The total amount received during the current financial year was $1.51bn compared to $1.12bn in the corresponding period of the previous year.

Total repatriation and local utilization during the current financial year was $1.1bn compared to $996m in the corresponding period last year.

During February, 8,653 new accounts were opened taking the total number of accounts to 797,350.

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.

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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