Foreign exchange inflows through the Roshan Digital Accounts (RDAs) arrived at $142 million in January 2024, falling 11.25 percent compared to $160 million in the previous month.
Overall RDA funds received to date clocked in at $7.337 billion by the end of January 2024, according to the State Bank of Pakistan (SBP). Till the end of January, $1.55 billion have been repatriated with $4.556 billion utilized locally. The net repatriable liability at $1.231 billion.
In January, funds of $12 million were repatriated. The funds utilized locally stood at $120 million. Meanwhile, the net repatriable liability in December was $14 million.
As per data, 659,806 RDAs have been opened since they were launched, representing a 1.34 percent increase on a month-on-month basis.
In January 2024, total net investments made through RDA stood at $830 million. NPC Investments (Conventional) stood at $302 million, while NPC Investments (Islamic) were recorded at $498 million. Roshan Equity Investments came in at $30 million. The Balances in Accounts were recorded at $380 million with Other Liabilities coming in at $21 million.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
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