News

Roshan Digital Account Inflows Cross $6.3 Billion in June

Foreign exchange inflows through the Roshan Digital Accounts (RDAs) were recorded at a total of $6.35 billion by the end of June 2023, according to the State Bank of Pakistan (SBP).

According to the central bank data, till the end of June, funds of $1.452 billion have been repatriated with funds of $3.77 billion utilized locally. The total repatriated and utilized amount stands at $5.229 billion with net repatriable liability at $1.121 billion.

In June, funds received stood at $127 million, while funds of $24 million were repatriated. The funds utilized locally stood at $115 million. The net repatriable liability in June increased by $12 million.

Ad Powered By Advergic
Loading ad . . .
Ad - Continue scrolling to read

According to the official numbers, 585,885 RDAs have been opened since they were launched, representing a 1.9 percent increase on a monthly basis.

From September 2020 to June 2023, total net investments made through RDA stood at $716 million. NPC Investments (Conventional) stood at $321 million, while NPC Investments (Islamic) were recorded at $377 million. Roshan Equity Investments came in at $18 million. The Balances in Accounts was recorded at $385 million with Other Liabilities coming in at $20 million.

Stay Connected with ProPakistani

Get the latest business news, market insights, and economic updates wherever you prefer.

Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.

Share
Published by
ProPK Staff