Pakistan
Roshan Digital Account inflows decline 13pc to $146mn in October
According to the SBP, the inflows also remained the lowest since December 2020
Karachi: Inflows under Roshan Digital Accounts (RDAs), a banking facility reserved for non-resident Pakistanis, clocked in at $146 million in October this year -- a decline of 13.1 per cent compared to last month’s $168 million.
The inflows also remained the lowest since December 2020, according to data shared by the State Bank of Pakistan (SBP).
In December 2020, inflows had amounted to $140 million. Meanwhile, 13,850 new accounts were opened in October, taking the total to 485,873.
Total RDA inflows have reached $5.295 billion since the launch in September 2020.
According to SBP data, $3.344 billion or 63pc of this amount has been invested in Naya Pakistan Certificates (NPCs) -- $1.722 billion through conventional means and $1.622 billion through Islamic mode of financing for the same certificates.
Only one per cent of the total amount, or $46 million, has been invested in the Pakistan Stock Exchange (PSX).