RDA inflows reach $6.76bn as of September

October 16, 2023 (MLN): Total inflows into Roshan Digital Accounts (RDA) during September 2023 stood at $139 million, bringing the total cumulative inflows into RDA to $6.756 billion.

However, according to data released by the SBP, the amount repatriated and locally utilized during the month was $127m showing that the Net Repatriable Liability of RDA increased by $12m in September.

The amount repatriated during the month was $13m while $114m was utilized locally.

Total cumulative repatriation and local utilization stood at $5.617bn out of which $1.497bn has been repatriated while the locally utilized amount was $4.120bn making the Net Repatriable Liability (NRL) $1.139bn or 16.86% of Total RDA.

The breakup of the NRL shows $266m was still invested in Conventional Naya Pakistan Certificates (NPC), $402m was in Islamic NPC, Equity investment stood at $20m, Balances in Accounts were $429m while Other Liabilities stood at $22m.

Total amount received during the current financial year was $406m compared to $543m in the corresponding period of the previous year.

Total repatriation and local utilization during the current financial year was $388m compared to $721m in the corresponding period last year.

During the month of September, 10,865 new accounts were opened taking the total number of accounts to 617,730.0.

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 were recorded in July 2022 during which NRL of RDA was reduced by $330m.

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