RDA inflows jump 17pc to $160m in December

In over three years since its launch in September 2020, Roshan Digital Account (RDA) has emerged as a significant source of foreign inflows, reaching $7.195 billion by the end of December 2023. According to the State Bank of Pakistan’s data released on Monday, the inflows in December were $160 million marking a much better performance compared to other months. The inflow was 17 per cent higher than the $137m received in November 2023. Under the RDA facility, non-resident Pakistanis (NRPs) can remotely open accounts with designated Pakistani banks and operate through an online system for banking services such as transferring money, making payments for utilities, education, and other services, and investment in Pakistan. Since its introduction, the facility has been attracting a large amount of inflows with a monthly average of above $200m.