Roshan Digital Account Inflows Surge by $250 Million

According to the State Bank of Pakistan (SBP), foreign exchange inflows through the Roshan Digital Accounts (RDAs) totaled $4.606 billion by the end of June.

According to the official numbers, the number of RDAs opened since their launch has increased by 3% monthly, with inflows totaling $250 million in June 2022, a $61 million increase from May.

Data from the central bank shows that deposits under the RDAs registered inflows of $250 million in June 2022, up 32 percent from $189 million in May.

Moreover, the total investments made through RDA inflows from September 2020 to June 2022 have reached $3.02 billion. Of this, conventional Naya Pakistan Certificates (NPCs) have received $1,591 million, and Islamic NPCs have collected $1,396 million. Meanwhile, the RDAs have deposited $40 million in the Pakistan Stock Exchange.

The RDA is an initiative of the SBP, working with commercial banks in Pakistan, to offer innovative banking solutions to Non-Resident Pakistanis (NRPs) wishing to engage in banking, payment, and investment activities in their homeland.

The scheme started in September 2020, with a potential return of up to seven percent on investments made in US dollars.