Inflows through the Roshan Digital Account (RDA) totaled $200 million in June 2024, marking an 11% decline compared to the $224 million recorded in May 2024, according to the State Bank of Pakistan (SBP).
Of the total June inflows, $14 million has been repatriated, while $142 million has been utilized locally. This leaves a net repatriable liability of $42 million. The central bank reported that the total number of RDA accounts increased to 712,778 by the end of June, up from 702,610 at the end of May, reflecting a month-on-month increase of 10,168 accounts.
As per the latest data available on SBP’s website, the cumulative RDA inflow has reached $8.255 billion by the end of June. Out of this, $1.61 billion has been repatriated, and $5.212 billion has been used locally. The total net repatriable liability stands at $1.432 billion as of June-end.
Breaking down the outstanding liability, $940 million is with Naya Pakistan Certificates (NPCs), including $348 million in conventional NPCs and $592 million in Islamic instruments. Additionally, $422 million is held in account balances, according to SBP data.
Roshan Equity Investments saw a slight increase, reaching $38 million for the month. The RDA remains a crucial source of foreign exchange inflows for Pakistan, which has been facing cash flow challenges. Launched in September 2020 by SBP, the initiative offers up to 8% profit on US dollar investments.