Roshan Digital Accounts (RDAs) Witnessed Stellar Foreign Exchange Inflows of $7.195 Billion by December 2023

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Roshan Digital Accounts

The State Bank of Pakistan (SBP) has reported a robust performance of the Roshan Digital Accounts (RDAs), indicating a significant foreign exchange inflow of $7.195 billion by the end of December 2023.

According to the SBP data, a comprehensive overview of the RDAs revealed that $1.538 billion had been repatriated, while $4.442 billion was utilized locally, resulting in a net repatriable liability of $1.215 billion as of December 31, 2023.

In December alone, funds received through RDAs amounted to $160 million, with $7 million repatriated. The local utilization of funds during the same period stood at $120 million. The net repatriable liability for December was recorded at $34 million.

The data further unveiled that since the launch of RDAs, a total of 651,057 accounts have been opened, signifying a notable 1.6 percent month-on-month increase.

Roshan Digital Accounts

Breaking down the figures for December 2023, the total net investments through RDAs amounted to $816 million. NPC Investments (Conventional) accounted for $331 million, while NPC Investments (Islamic) recorded an impressive $455 million. Roshan Equity Investments contributed $30 million to the overall investment portfolio. The Balances in Accounts were reported at $375 million, accompanied by Other Liabilities totaling $24 million.

The consistent growth and positive trends observed in RDAs highlight their pivotal role in attracting foreign exchange inflows, contributing significantly to the economic landscape of Pakistan. Investors continue to show confidence in the Roshan Digital Accounts, establishing them as a preferred avenue for international transactions and investments.

Also Read: SECP Mandates Inclusion of UDIN in All Audit Reports

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