BR100 Increased By (0.2%)
BR30 Increased By (0.41%)
KSE100 Increased By (0.07%)
KSE30 Increased By (0.23%)
AGHA 7.75 Decreased By ▼ -0.17 (-2.15%)
BECO 5.19 Decreased By ▼ -0.01 (-0.19%)
BML 58.66 Decreased By ▼ -0.59 (-1%)
BOP 33.69 Increased By ▲ 0.01 (0.03%)
CNERGY 10.61 Increased By ▲ 0.80 (8.15%)
CSIL 5.30 Decreased By ▼ -0.12 (-2.21%)
FCCL 53.74 Increased By ▲ 0.22 (0.41%)
FFL 16.46 Decreased By ▼ -0.22 (-1.32%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 7.28 Decreased By ▼ -0.07 (-0.95%)
KOSM 5.64 Increased By ▲ 0.03 (0.53%)
LOTCHEM 29.65 Increased By ▲ 0.54 (1.86%)
MLCF 96.36 Increased By ▲ 0.86 (0.9%)
NBP 203.53 Decreased By ▼ -0.82 (-0.4%)
NCPL 56.85 Decreased By ▼ -1.39 (-2.39%)
NPL 67.31 Decreased By ▼ -0.48 (-0.71%)
OGDC 318.22 Increased By ▲ 0.28 (0.09%)
PACE 10.63 Decreased By ▼ -0.08 (-0.75%)
PAEL 41.77 Decreased By ▼ -0.06 (-0.14%)
PIBTL 16.81 Increased By ▲ 0.31 (1.88%)
PPL 220.17 Increased By ▲ 0.43 (0.2%)
PRL 49.05 Increased By ▲ 4.46 (10%)
PTC 70.01 Decreased By ▼ -0.76 (-1.07%)
SSGC 29.14 Increased By ▲ 0.21 (0.73%)
TBL 9.77 Decreased By ▼ -0.07 (-0.71%)
TELE 8.82 Increased By ▲ 0.06 (0.68%)
TPL 17.17 Increased By ▲ 0.72 (4.38%)
TPLP 12.51 Increased By ▲ 0.41 (3.39%)
TREET 22.59 Decreased By ▼ -0.21 (-0.92%)
TRG 60.22 Increased By ▲ 0.19 (0.32%)

Inflows through the Roshan Digital Account (RDA) clocked in at $203 million in December, reflecting a growth of 9% compared to $186 million in November 2024, the State Bank of Pakistan (SBP) said Saturday.

Out of the total December inflows, $13 million has so far been repatriated, while funds to the tune of $113 million have been utilised locally. The net repatriable liability stands at $76 million.

The central bank shared that the total number of RDA accounts opened reached 778,713 from 768,394 a month ago at November-end, showing a month-on-month increase of 10,319 accounts.

As per the latest data available on the SBP’s website, the cumulative RDA inflow clocked in at $9.342 billion by the end of the previous month, out of which $1.7 billion has so far been repatriated, while funds to the tune of $5.911 billion have been utilised locally.

Inflation to lower pace further in January, says SBP governor

Consequently, total net repatriable liability stands at $1.73 billion as of December-end.

 Courtesy: SBP
Courtesy: SBP

Out of the total outstanding liability, an amount of $1,208 million is with Naya Pakistan Certificates, with $460 million in conventional NPCs and $748 million in Islamic instruments.

Similarly, an amount of $425 million is ‘balances in accounts’, the SBP data showed.

Meanwhile, Roshan Equity Investments inched up monthly and stood at $59 million, registering a monthly increase of 16%.

Background

RDA is a significant source of foreign exchange inflows for Pakistan, which is grappling with liquidity challenges.

The initiative was launched in September 2020 by the SBP and offers up to 8% profit on US dollar investments.

Comments

Comments are closed for this article.

KhanRA Jan 11, 2025 01:55pm
“8% profit” equals 8% interest. Don’t let the terminology fool you into thinking a modern financial system can be shariah compliant in spirit - even if technically so.
0
MZI Jan 11, 2025 02:08pm
RDA at such high rate of interest is becoming a liability. SBP should start reducing interest rate.
0
Aziz ullah Jan 15, 2025 08:09am
2000 PKR
0