Roshan Digital Account inflows dip to $142m in January

The political uncertainty slightly impacted the inflows through the Roshan Digital Account (RDA) dipping to $142 million in January versus $160m in December 2023. However, foreign direct investment (FDI) witnessed a six-year high net outflow of $173m in January, indicating a deterioration of foreign investors’ confidence in the economy. The State Bank of Pakistan’s data on Tuesday showed that RDA inflows totalled $7.33 billion so far. Out of the total, $12 million was repatriated in January and $114m was utilised. According to the SBP data, the net repatriable liability was $16m while the total net repatriable liability was $1.231bn as of January-end. Out of the total outstanding liability, $800m was with Naya Pakistan Certificates, with $302m in conventional NPCs and $498m in Islamic instruments.