Roshan Digital Accounts (RDA), the flagship initiative by the State Bank of Pakistan (SBP) in collaboration with commercial banks, attracted $164 million in inflows during August 2025. With this addition, the total cumulative inflows into RDA have reached $10,912 million since the program’s inception, marking a significant milestone in channeling overseas investments into the country’s financial system.
However, the monthly inflow in August reflected a decline compared to July 2025, when $185 million was recorded, showing a decrease of $21 million. Despite the dip, the consistent momentum of inflows demonstrates sustained interest from the global Pakistani diaspora in utilizing RDA for investment and financial services.
According to the SBP’s data, a total of $133 million was repatriated or locally utilized during August. Out of this amount, $23 million was repatriated abroad, while $110 million was invested or spent locally. This resulted in a net increase of $31 million in the Net Repatriable Liability (NRL) of RDA for the month.
Cumulatively, total repatriation and local utilization have reached $8,860 million, of which $1,859 million was repatriated and $7,001 million was used locally. The current Net Repatriable Liability now stands at $2,052 million, equivalent to 18.8 percent of total RDA inflows.
A closer look at the composition of NRL shows that $485 million remains invested in Conventional Naya Pakistan Certificates (NPCs), $958 million in Islamic NPCs, while equity investments total $82 million. Account balances amount to $478 million, and other liabilities stand at $49 million.
During the ongoing financial year, inflows into RDA have so far reached $349 million, slightly higher than the $326 million recorded during the same period last year. Similarly, total repatriation and local utilization this year stand at $287 million, compared to $264 million in the corresponding period of the previous fiscal year.
In terms of account activity, 9,174 new accounts were opened in August 2025, pushing the total number of RDA accounts to 851,756. This steady growth in account openings underscores the continued confidence of non-resident Pakistanis in the platform.
Historical data shows that the highest-ever monthly inflow of $310 million was recorded in June 2021. Meanwhile, the peak in repatriation and local utilization occurred in July 2022, when the NRL declined by $330 million. However, between mid-2022 and early 2023, RDA faced significant challenges with capital outflows nearing $150 million, largely attributed to economic instability and policy uncertainty.
The situation began to stabilize in 2023, with inflows gradually recovering and continuing to strengthen through 2024, signaling a revival of investor trust. This recovery reflects the resilience of the RDA initiative, which remains an essential bridge between overseas Pakistanis and the country’s financial sector.
RDA offers a digital-first solution for Non-Resident Pakistanis (NRPs) and Pakistan Origin Card (POC) holders, allowing them to open accounts remotely without visiting banks, embassies, or consulates. With only basic documentation required, commercial banks are instructed to complete due diligence within 48 hours, making the account opening process swift and convenient.
By offering presenceless account opening and diverse investment opportunities such as NPCs, equity, and local utilization options, the platform continues to serve as a vital tool in mobilizing foreign capital and deepening engagement with Pakistan’s diaspora community.
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