The Roshan Digital Accounts (RDAs) witnessed a decline in gross foreign exchange inflows during July 2024. Inflows amounted to $161 million in July, compared to $200 million in June and $137 million in July 2023.
Net inflows, which consider the difference between inflows and repatriated funds, under RDAs totaled $147 million in July 2024. This figure is in line with the six-month average of $168 million and the overall average of $144 million since the launch of RDAs in September 2020.
The cumulative amount of funds received through RDAs up to July 2024 reached $8.416 billion. Of this amount, $1.624 billion has been repatriated, while $5.334 billion has been utilized locally. The net repatriable liability stood at $1.45 billion.
Since their launch, a total of 723,598 RDAs have been opened, representing a 1.5 percent increase on a month-on-month basis.
Overall, while the inflows to RDAs have experienced fluctuations, the accounts continue to attract interest from overseas Pakistanis seeking to invest in their home country.