Foreign currency inflows via the Roshan Digital Account (RDA) platform dipped by 9 percent in June 2025, signaling a notable monthly slowdown in what has otherwise been a strong year for the initiative. According to the latest data released by the State Bank of Pakistan, gross RDA inflows totaled $182 million in June, compared to $200 million in the same month last year and $201 million in May 2025.
Launched in September 2020 to connect non-resident Pakistanis with the domestic financial ecosystem, RDA has become a flagship program for mobilizing remittances and channeling diaspora investments through digital banking. While the June figures reflect a downward monthly trend, the overall performance of the RDA platform in FY25 remained positive.
During the full fiscal year, RDA attracted $2.3 billion in gross inflows, marking a 21 percent year-on-year increase over FY24’s $1.9 billion. This annual growth reflects the continued confidence of overseas Pakistanis in digital channels for investment and repatriation, even as month-on-month inflows show volatility.
By the end of June 2025, cumulative RDA inflows since inception reached $10.563 billion. Of this amount, $1.811 billion has been repatriated by account holders, while $6.762 billion has been utilized within Pakistan’s financial and investment landscape. The net repatriable liability, as reported, now stands at $1.991 billion.
The data breakdown offers further insight into investor preferences within the RDA framework. Conventional Naya Pakistan Certificates (NPCs) attracted $466 million, while Islamic NPCs saw stronger participation with $926 million in investments. Roshan Equity Investments, which allow diaspora Pakistanis to participate in the domestic stock market, stood at $70 million.
Additionally, the current balances held in RDA accounts reached $485 million, and other liabilities were reported at $44 million. These figures collectively reflect the multifaceted nature of the RDA scheme, offering a mix of savings, investment, and repatriation tools tailored for the overseas community.
Since the program’s launch, a total of 831,963 RDAs have been opened by non-resident Pakistanis from across the globe. This substantial user base demonstrates the growing appeal of streamlined, tech-enabled financial products designed for cross-border users.
Despite June’s dip in inflows, financial experts believe that the broader trajectory of RDA remains aligned with the government’s goal to digitize foreign remittance channels and boost economic engagement with the diaspora. However, the monthly decline may also reflect shifting economic priorities, global financial uncertainties, or changing remittance patterns among overseas Pakistanis.
The month-on-month drop serves as a reminder that sustaining momentum in diaspora investments requires continuous innovation, policy support, and clear communication from both regulators and participating banks. As Pakistan continues to rely on RDA as a key pillar in its external financing strategy, understanding and responding to these short-term fluctuations will be critical in maintaining long-term investor confidence.