Roshan Digital Accounts (RDA), the flagship financial inclusion initiative aimed at engaging overseas Pakistanis in the country’s formal financial system, attracted $182 million in inflows during June 2025. According to the latest data released by the State Bank of Pakistan (SBP), this brings the total cumulative inflows into RDA to an impressive $10.56 billion since the program’s inception.
The June inflow, however, marks a modest decline compared to the $201 million received in May, showing a month-on-month dip of $19 million. Despite this reduction, the data signals a steady trend in foreign inflows, indicating persistent interest among non-resident Pakistanis (NRPs) in leveraging the RDA platform for banking, payments, and investments in Pakistan.
SBP’s report highlights that in June, $138 million from the total inflows was either repatriated or utilized locally. Of this, $24 million was repatriated by account holders, while $114 million was directed toward local utilization. As a result, the Net Repatriable Liability (NRL) of RDAs increased by $44 million during the month, emphasizing the balance between inflows and capital deployment.
Cumulatively, total repatriation and local utilization have now reached $8.57 billion. Out of this, $1.811 billion has been repatriated by account holders abroad, and $6.76 billion has been locally used within Pakistan’s financial and investment ecosystem. This leaves the current NRL at $1.99 billion, representing 18.84% of the total RDA inflows.
A closer breakdown of the NRL shows that $466 million remains invested in Conventional Naya Pakistan Certificates (NPCs), $926 million is in Islamic NPCs, $70 million is held as equity investments, $485 million in account balances, and $44 million in other liabilities. These figures underline the diversified investment behavior of overseas Pakistanis, with a notable preference for government-backed instruments.
During June, 8,739 new RDA accounts were opened, pushing the total number to 831,963. The growth in new accounts reflects continued trust in the platform, which is widely seen as one of SBP’s most innovative financial inclusion programs for the diaspora.
On a year-to-date basis, RDA inflows during the current fiscal year have totaled $2.31 billion, up from $1.9 billion recorded in the same period last year. Corresponding repatriation and local utilization during this fiscal year reached $1.75 billion, also rising from $1.59 billion over the previous year’s same period.
Historically, the RDA witnessed its highest monthly inflow of $310 million in June 2021, while the largest monthly repatriation and utilization took place in July 2022, when the NRL reduced by $330 million. Notably, the mid-2022 to early 2023 period saw considerable volatility, with capital outflows peaking at $150 million due to economic and policy uncertainty.
Since then, the RDA platform has steadily regained traction. By 2024, sustained inflows indicated renewed investor confidence, largely attributed to regulatory adjustments, policy clarity, and stabilization in macroeconomic indicators.
Roshan Digital Accounts were introduced by SBP in collaboration with Pakistani commercial banks, enabling Non-Resident Pakistanis and Pakistan Origin Card holders to open and manage bank accounts entirely online without visiting a bank branch, embassy, or consulate. The presenceless and paperless account opening process has made RDA a highly accessible financial channel for overseas citizens, with a typical processing time of just 48 hours after document submission.
As RDA enters its next phase, the continued commitment from Pakistan’s central bank and its seamless digital framework remain crucial in sustaining inflows, fostering financial inclusion, and supporting economic resilience through diaspora engagement.