Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

RDA: Inflows surpass mark of $6.9bn as of October

RDA: Inflows surpass mark of $7bn as of November
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

November 16, 2023 (MLN): Total inflows into Roshan Digital Accounts (RDA) during October 2023 stood at $142 million, bringing the total cumulative inflows into RDA to $6.898 billion.

However, according to data released by the SBP, the amount repatriated and locally utilized during the month was $126m showing that the Net Repatriable Liability of RDA increased by $16m in October.

The amount repatriated during the month was $27m while $99m was utilized locally.

Total cumulative repatriation and local utilization stood at $5.74bn out of which $1.52bn has been repatriated while the locally utilized amount was $4.22bn making the Net Repatriable Liability (NRL) $1.16bn or 16.74% of total RDA.

Breakup of the NRL shows $316m was still invested in Conventional Naya Pakistan Certificates (NPC), $412m was in Islamic NPC, Equity investment stood at $25m, Balances in Accounts were $379m while Other Liabilities stood at $23m.

The total amount received during the current financial year was $548m compared to $689m in the corresponding period of the previous year.

Total repatriation and local utilization during the current financial year was $514m compared to $951m in the corresponding period last year.

During the month of October, 11,999 new accounts were opened taking the total number of accounts to 629,729.

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.

Copyright Mettis Link News

Posted on: 2023-11-16T14:55:35+05:00