RDA: Inflows reach $5.43bn in November

Nilam Bano | December 08, 2022 at 05:21 PM GMT+05:00

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December 08, 2022 (MLN): Foreign exchange inflows through Roshan Digital Account (RDA) have reached $5.43 billion by November 2022 since its launch in September 2020, latest data released by the State Bank of Pakistan (SBP) showed today.

In the month of November 2022, the overseas Pakistanis deposited $141mn into RDA which was 3.42% lower when compared with $146mn recorded in the previous month and 41% lower when compared with $239mn in November 2021.

As per the data, of the total $5.43bn, $3.43mn was invested in Naya Pakistan Certificates (NPCs) while $47 investment has been observed in the equity market through RDA.

Out of the total amount invested in NPCs, $1.75bn has been invested in conventional NPCs, whereas $1.68bn has been invested in Islamic NPCs.

So far, 498,934 accounts have been opened from around 175 counties across different Pakistani banks, the data further unveiled.

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