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RDA: Total Inflows reach $5.686 bn in January

SBP Kitty Inflows: A Close Shave From A Default
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February 03, 2023 (MLN): Foreign exchange inflows through Roshan Digital Account (RDA) have reached $5.686 billion by January 2023 since its launch in September 2020, latest data released by the State Bank of Pakistan (SBP) showed on Friday.

In the month of Jan 2023, the overseas Pakistanis deposited $110mn into RDA compared with $140mn recorded in the previous month.

As per the data, of the total $5.686bn, $3.569mn was invested in Naya Pakistan Certificates (NPCs) while $48 investment has been observed in the equity market through RDA.

Out of the total amount invested in NPCs, $1.80bn has been invested in conventional NPCs, whereas $1.769bn has been invested in Islamic NPCs.

So far, 524,822 accounts have been opened from around 175 counties across different Pakistani banks, the data further unveiled.

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Posted on: 2023-02-03T16:34:20+05:00