Roshan Digital Account attracts $9.5bn

The inflows through Roshan Digital Account (RDA) reached $9.564 billion, most of which were utilised domestically. The State Bank’s latest update showed that the RDA gross inflows reached $9.564bn as of Jan 31. Out of the total received deposits, $1.711bn had been repatriated, while $6.052bn was utilised locally. With this, net repatriatable liability remained at $1.8bn. Pakistan launched RDA in 2020 after outflows of over $4bn from the treasury bills and Pakistan Investment Bonds (PIBs) due to the outbreak of Covid-19. However, it could not replace the early investment in the domestic bonds and the size of inflows remained small.