RDA: March inflows clock in at $5.96bn

MG News | April 11, 2023 at 01:20 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 11, 2023 (MLN): Foreign exchange inflows through Roshan Digital Account (RDA) in March 2023 reached $5.96 billion, since its launch in September 2020, the latest data released by the State Bank of Pakistan (SBP) showed today.

A few days earlier, SBP unveiled the data of inflows through RDA as of April 07, 2023, which have surpassed the mark of $6bn.

Within the 5 working days of April 2023, the overseas Pakistanis deposited $39 million while in the month of March 2023, $155mn was deposited.

The data further revealed that $3.74bn was invested in Naya Pakistan Certificates (NPCs) while a $50mn investment has been observed in the equity market through RDA.

As of March 2023, the total amount invested in NPCs, $1.87bn has been invested in conventional NPCs, while the other half of the amount has been invested in Islamic NPCs.

A total of 549,445 accounts have been opened from around 175 counties across different Pakistani banks.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,846.68 370.24M	-0.81% -1463.60
ALLSHR	108,777.96 842.70M	-0.57% -624.36
KSE30	53,571.08 118.45M	-0.81% -434.78
KMI30	253,007.72 126.35M	-1.06% -2717.47
KMIALLSHR	69,727.55 549.62M	-0.70% -488.73
BKTi	52,178.22 35.92M	-0.12% -62.01
OGTi	35,518.90 13.54M	-0.77% -274.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,765.00	64,610.00 63,260.00	-355.00 -0.55%
BRENT CRUDE	89.12	90.03 86.60	1.40 1.60%
RICHARDS BAY COAL MONTHLY	105.50	0.00 0.00	-4.00 -3.65%
ROTTERDAM COAL MONTHLY	122.00	122.00 122.00	0.75 0.62%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	83.40	84.61 81.27	1.27 1.55%
SUGAR #11 WORLD	16.74	16.75 16.33	0.27 1.64%