Foreign currency inflows into Roshan Digital Accounts (RDAs) dipped slightly in April 2024, reaching $171 million compared to $182 million the previous month. However, overall inflows since the program’s launch in September 2020 continue to climb, reaching $7.831 billion by the end of April.
The State Bank of Pakistan reported that of the total received funds, $1.587 billion has been repatriated, while $4.925 billion has been used within Pakistan. The net repatriable liability currently sits at $1.32 billion. Looking specifically at April’s activity, $11 million was repatriated, $123 million was used locally, and the net repatriable liability was $38 million.
Since its inception, RDAs have facilitated net investments of $873 million. This breaks down into $317 million for Conventional National Pension Certificates (NPCs), $523 million for Islamic NPCs, $33 million for Roshan Equity Investments, and $418 million remaining in account balances. Other liabilities account for the remaining $28 million.
The Roshan Digital Account program allows overseas Pakistanis to invest and manage their finances in Pakistan remotely. Despite the slight dip in April, the program shows continued growth in total inflows and investment activity.
