The Roshan Digital Account (RDA) initiative continues to demonstrate resilience and sustained engagement from overseas Pakistanis, with total inflows reaching $10.563 billion by the end of June 2025. This represents an increase from $10.381 billion recorded in May 2025, according to data released by the State Bank of Pakistan (SBP) and reported by APP. The growing inflows signal consistent trust in Pakistan’s financial instruments and digital banking infrastructure, despite wider global and regional economic uncertainties.
During the month of May 2025, remittance inflows via the RDA platform stood at $182 million, down from $201 million in May 2024 but slightly up from April 2025’s figure of $177 million. The number of accounts opened under the RDA framework also rose steadily, reaching 831,963 by June 2025 compared to 823,224 accounts at the end of May. This month-on-month increase of 8,739 accounts underscores the continued appeal of RDA among overseas Pakistanis as a secure and user-friendly banking channel.
Investment patterns show robust interest in government-backed savings instruments. By the end of June, total investments in Naya Pakistan Certificates reached $466 million, while the Shariah-compliant Naya Pakistan Islamic Certificates saw investments climb to $926 million. Roshan Equity Investments also grew to $70 million, highlighting overseas Pakistanis’ growing appetite for participating in the domestic equity market.
Meanwhile, foreign profit repatriation for FY25 amounted to $2.22 billion, matching the level seen in FY24, according to data compiled by AKD Securities. This reflects a normalization of flows following previous backlogs in FY23, when repatriations had sharply dipped to $331 million. The 20-year average for annual repatriations now stands at $1.4 billion, indicating a notable recovery over the last two fiscal years.
Sector-wise, the power sector emerged as the largest contributor to outflows, accounting for $399 million—a 1.6x increase from the previous year. The financial sector saw repatriation of $385 million, marking a 40 percent drop year-on-year. In contrast, the food sector witnessed a doubling in outflows to $306 million. These figures reflect diverse sectoral trends in capital movement, influenced by both delayed payments and renewed investor activity.
June 2025 saw a sharp decline in monthly repatriation, with outflows dropping 72 percent year-on-year to $114 million compared to $414 million in June 2024. Communications, financial services, and transport sectors reported notable year-on-year decreases, while oil and gas exploration and personal services recorded moderate increases.
In the currency markets, the Pakistani rupee remained relatively stable. It recorded a marginal depreciation of 0.01 percent against the US dollar, closing at 284.97 in the interbank market on Tuesday, compared to 284.95 on Monday. The minor shift reflects a generally balanced demand-supply dynamic amid steady remittance inflows and contained import pressure.
Gold prices in Pakistan remained unchanged despite a rally in global markets. The domestic price per tola held firm at Rs361,200, and the rate for 10 grams stayed steady at Rs309,671, according to the All Pakistan Sarafa Gems and Jewellers Association. This follows a notable increase a day earlier when gold prices rose Rs3,600 per tola.
Globally, gold climbed to a five-week high, with spot prices hitting $3,415.61 per ounce amid mounting geopolitical tensions, weaker US bond yields, and ongoing market speculation about a possible US Federal Reserve interest rate cut. Analysts expect continued volatility, with forecasts suggesting a potential surge toward the $3,450 per ounce mark before any market correction occurs.
Overall, the combination of stable currency performance, sustained RDA inflows, and managed repatriation levels underscores the resilience of Pakistan’s financial system amid global economic fluctuations.
