KARACHI – Roshan Digital Account (RDA) inflows reached $141 million in February 2024 as compared with $142 million in January 2024, showing a decline of 0.7 per cent.
Out of $141 million RDA inflows, $111 million have been utilized locally and $9 million repatriated. As such, the liability stands at $21 million.
According to the media reports, cumulative inflows till February 2024 reached $7.5 billion.
As per the State Bank of Pakistan (SBP), active RDA accounts reached 668,701 by February 2024. Till January 2024, active accounts were 659,806.
The cumulative RDA inflow reached $7.478 billion by February 2024. Out of this, $4.667 billion have been utilized locally and $1.559 billion repatriated. As such, total liability stands at $1.252 billion as of last month.
Out of the total outstanding liability, $805 million is with Naya Pakistan Certificates, with $304 million in conventional NPCs and $501 million in Islamic instruments.
Similarly, $392 million is in accounts as balance.
RDA is an important source of foreign exchange inflows for cash-starved Pakistan. The initiative launched in September 2020 offers up to 8pc profit on US dollar investments.
