RDA: Inflows surpass mark of $7bn as of November

December 11, 2023 (MLN): Total inflows into Roshan Digital Accounts (RDA) during November 2023 stood at $137 million, bringing the total cumulative inflows into RDA to $7.035 billion.

However, according to data released by the SBP, the amount repatriated and locally utilized during the month was $110m showing that the Net Repatriable Liability of RDA increased by $27m in November.

The amount repatriated during the month was $7m while $103m was utilized locally.

Total cumulative repatriation and local utilization stood at $5.853bn out of which $1.531bn has been repatriated while the locally utilized amount was $4.322bn making the Net Repatriable Liability (NRL) $1.181bn or 16.79% or Total RDA.

Breakup of the NRL shows $323m was still invested in Conventional Naya Pakistan Certificates (NPC), $432m was in Islamic NPC, Equity investment stood at $29m, Balances in Accounts were $374m while Other Liabilities stood at $23m.

Total amount received during the current financial year was $685m compared to $830m in the corresponding period of the previous year.

Total repatriation and local utilization during the current financial year was $624m compared to $ 1.135bn in the corresponding period last year.

During the month of November, 11,146 new accounts were opened taking the total number of accounts to 640,875.

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