Pakistan’s Roshan Digital Accounts (RDA) attracted $251 million in inflows during September 2026, bringing cumulative receipts through the initiative to $14.157 billion, according to data released by the State Bank of Pakistan (SBP). The monthly inflow declined by $8 million compared with the $259 million recorded in August 2026. Despite the month-on-month decrease, the latest figures reflect continued participation by overseas Pakistanis using the digital account facility to maintain financial connections with Pakistan and access investment opportunities. The RDA initiative provides eligible non-resident Pakistanis with a channel to open and operate bank accounts remotely, transfer funds and use designated financial products without following the conventional account-opening process associated with physical banking visits.
During September, the amount repatriated abroad or utilised locally through Roshan Digital Accounts reached $188 million. This included $16 million repatriated outside Pakistan and $170 million used within the country. As inflows exceeded the combined amount repatriated and locally utilised, the Net Repatriable Liability (NRL) of RDA increased by $63 million during the month. The NRL represents funds remaining within the initiative that may be repatriated or otherwise remain subject to the relevant account and investment arrangements. The monthly movement therefore reflects the difference between new funds received and the amount leaving the accounts through repatriation or domestic utilisation.
Cumulative repatriation and local utilisation since the launch of the initiative reached $11.084 billion by the end of September 2026. Of this amount, $2.146 billion had been repatriated, while $8.937 billion had been utilised locally. The reported figures place the NRL at $3.073 billion, equivalent to 21.71% of total cumulative RDA inflows. These balances indicate that a substantial portion of funds received through the initiative has either supported activity within Pakistan or remained in accounts and investments. The figures also provide an overview of how overseas Pakistanis are distributing their funds between domestic use, investment products and amounts that may be repatriated abroad.
The composition of the outstanding NRL includes investments in both conventional and Islamic Naya Pakistan Certificates (NPCs), alongside equity investments, account balances and other liabilities. According to the reported breakdown, $740 million remained invested in conventional Naya Pakistan Certificates, while $1.375 billion was held in Islamic Naya Pakistan Certificates. Equity investments accounted for $153 million, and account balances stood at $725 million. Other liabilities represented a further $80 million. The breakdown shows that Naya Pakistan Certificates account for a significant share of the reported outstanding liability, reflecting the role of designated investment products within the RDA framework. Conventional and Islamic options provide different investment structures for overseas Pakistanis participating in the initiative.
Inflows during the current financial year have also remained higher than the corresponding period of the previous year. Total receipts during the current financial year reached $792 million, compared with $545 million recorded over the equivalent period last year. This represents an increase of $247 million, or approximately 45.3%, in year-on-year cumulative inflows for the period covered by the reported figures. Meanwhile, total repatriation and local utilisation during the current financial year stood at $556 million, compared with $423 million in the corresponding period of the previous year. The increase in both receipts and fund utilisation reflects continued movement of money through the RDA system during the opening months of the financial year.
Account openings also increased during September, with 9,458 new accounts registered during the month. This brought the total number of Roshan Digital Accounts to 975,602 by the end of September 2026. The expansion of the account base indicates that the initiative continues to serve a broadening pool of overseas Pakistanis seeking access to Pakistan’s banking and investment system. Digital account-opening arrangements allow eligible customers abroad to establish banking relationships remotely, reducing the need for conventional in-person procedures. The continued addition of accounts provides another measure of the initiative’s reach alongside monthly inflows and investment balances.
The highest monthly inflow recorded through Roshan Digital Accounts was $321 million in April 2026. Meanwhile, the largest reported monthly reduction in the initiative’s NRL occurred in July 2022, when the liability declined by $330 million as funds were repatriated or utilised locally. These historical figures provide context for the latest monthly performance and illustrate how inflows and fund utilisation can vary over time. September’s $251 million inflow was below August’s level and the April record, but cumulative receipts remained above $14.1 billion. The latest SBP data therefore highlight the continuing role of Roshan Digital Accounts in connecting overseas Pakistanis with Pakistan’s financial system through remote banking services, domestic fund utilisation and investment opportunities.
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