Roshan Digital Account inflows rise 9% MoM to $203mn in December 2024

Cumulative inflows reach $9.34 billion since its launch in September 2020

Inflows through the Roshan Digital Account (RDA) climbed to $203 million in December 2024, marking a 9% increase from $186 million recorded in November, according to data released by the State Bank of Pakistan (SBP) on Saturday.

Of the total inflows in December, $13 million has been repatriated, while $113 million was utilised locally. The net repatriable liability for the month stands at $76 million.

Cumulative inflows since the launch of the RDA initiative in September 2020 reached $9.342 billion as of December 2024. Out of this, $1.7 billion has been repatriated, while $5.911 billion has been utilised within Pakistan. The total net repatriable liability now stands at $1.73 billion.

The SBP reported that the total number of RDA accounts opened reached 778,713 by December-end, an increase of 10,319 from 768,394 at the end of November.

Of the outstanding liability, $1.208 billion is associated with Naya Pakistan Certificates (NPCs), comprising $460 million in conventional NPCs and $748 million in Islamic instruments. An additional $425 million is categorized as ‘balances in accounts,’ according to the central bank’s data.

Roshan Equity Investments also saw growth, reaching $59 million in December, a 16% month-on-month increase.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Musk accuses OpenAI and Microsoft of anticompetitive practices

Elon Musk alleges that OpenAI violated antitrust laws by compelling investors to avoid funding rival AI firms and by sharing board members with Microsoft