KARACHI: Inflows under Roshan Digital Accounts (RDA) maintained an upward momentum, rising to $5.8 billion since its launching. The State Bank of Pakistan (SBP) Wednesday reported that Pakistan received fresh inflows amounting to $125 million in RDA accounts in February 2023 compared to $110 million in January 2023, showing an increase of 14 percent or $15 million.

With fresh inflows, cumulative inflows under RDA surged to an all-time high of $5.811 billion at the end of February 2023 up from $5.686 billion at the end of January 2023.

Out of the overall RDA inflows, some 63 percent or $ 3.655 billion were invested in the Naya Pakistan Certificates (NPCs), whereas an amount equivalent to $ 49 million was invested in the stock market.

The detailed analysis revealed that investment in conventional NPCs and Islamic NPCs has reached almost equal level. Investment in conventional NPCs rose to $1.833 billion in February 2023 up from $1.8 billion in January 2023, depicting an increase of $33 million.

Similarly, investment in Islamic NPCs surged by $53 million to $1.822 billion at the end of February 2023.

Overall, some 536,676 RDA accounts have been opened by overseas Pakistanis of 175 countries.

Copyright Business Recorder, 2023