The Roshan Digital Account (RDA) initiative continued to demonstrate resilience in October 2025, attracting fresh inflows of $205 million. This brings the total cumulative inflows since the program’s inception to an impressive $11.31 billion, according to data released by the State Bank of Pakistan (SBP). The month’s performance marks an increase of $9 million compared to September 2025, which recorded inflows of $196 million.
During the same month, the SBP reported that $170 million was either repatriated or utilized locally. This resulted in a net increase of $35 million in the Net Repatriable Liability (NRL) of the RDA. The breakdown shows that $25 million was repatriated abroad, while $145 million was locally invested or used within Pakistan’s financial system.
Cumulatively, total repatriation and local utilization under the RDA program have now reached $9.17 billion. Out of this, $1.90 billion has been repatriated by account holders, and $7.26 billion has been locally utilized. As of October, the Net Repatriable Liability stands at $2.15 billion, which represents nearly 19 percent of the total RDA inflows.
The composition of these liabilities offers an insightful look into investor preferences. The SBP data shows that $499 million remains invested in Conventional Naya Pakistan Certificates (NPCs), while Islamic NPCs hold the majority share with $997 million. Equity investments through RDA accounts stand at $95 million, and balances in accounts total $503 million. Other liabilities amount to $54 million.
The data for the current financial year reveals that total inflows from July to October 2025 reached $750 million, surpassing the $698 million recorded during the same period last year. Similarly, repatriation and local utilization increased to $593 million compared to $538 million in the corresponding period of the previous year, signaling a steady improvement in transactional activity.
October also saw a rise in participation, with 11,108 new accounts opened during the month. This takes the total number of RDA accounts to 873,465, reflecting continued interest from the global Pakistani diaspora.
Historically, June 2021 remains the best-performing month for RDA inflows, with $310 million recorded. Meanwhile, July 2022 saw the highest monthly outflows, when the Net Repatriable Liability decreased by $330 million. However, mid-2022 to early 2023 marked a period of decline, with outflows nearing $150 million amid economic uncertainty and shifting policies. Since then, inflows have gradually recovered, strengthening through 2024 and continuing into 2025—an indication of renewed confidence among overseas investors.
Launched by the State Bank of Pakistan in collaboration with commercial banks, the Roshan Digital Account is a landmark financial innovation designed for Non-Resident Pakistanis (NRPs) and Pakistan Origin Card (POC) holders. It enables overseas Pakistanis to manage banking, payments, and investments seamlessly from abroad.
The initiative allows users to open accounts remotely through a fully digital, presenceless process—eliminating the need to visit banks, embassies, or consulates. The account opening process is streamlined, requiring only basic information and documentation, with banks mandated to complete customer due diligence within 48 hours.
With its digital-first approach and broad investment options, RDA continues to serve as a bridge between Pakistan and its global diaspora, channeling stable inflows that bolster the country’s financial ecosystem while empowering NRPs to stay connected with Pakistan’s economic growth story.
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