In February 2025, the inflows into Roshan Digital Accounts (RDA) amounted to $204 million, pushing the total cumulative inflows to $9.76 billion since the initiative’s launch.
This marks a decline from January’s inflow of $222 million, reflecting a drop of $18 million. Despite the decrease, data from the State Bank of Pakistan (SBP) revealed that the amount repatriated or utilised within Pakistan during February stood at $141 million, resulting in a $63 million increase in the Net Repatriable Liability (NRL) for the month.
Of the total amount repatriated, $9 million was sent overseas, while $132 million was used within the country. Cumulatively, the RDA has seen $7.9 billion in repatriation and local utilization, with $1.72 billion repatriated and $6.18 billion spent locally.
This places the NRL at $1.86 billion, or roughly 19.08 per cent of the total RDA inflows. A breakdown of this liability reveals that $459 million is invested in Conventional Naya Pakistan Certificates (NPC), $860 million in Islamic NPCs, $59 million in equity investments, $450 million remains in account balances, and $37 million falls under other liabilities.
During the current financial year, RDA received a total of $1.51 billion, surpassing the $1.12 billion received in the same period last year. The total amount repatriated and locally utilized so far this year stands at $1.1 billion, compared to $996 million during the corresponding period last year. Furthermore, 8,653 new accounts were opened in February, bringing the total number of RDA accounts to 797,350.
The RDA recorded its highest monthly inflow in June 2021, with $310 million received, while the largest monthly repatriation and local utilization occurred in July 2022, when the NRL was reduced by $330 million.
The RDA initiative, spearheaded by the SBP in collaboration with commercial banks, offers innovative banking services to millions of Non-Resident Pakistanis (NRPs) and holders of Pakistan Origin Cards (POCs).
The platform enables NRPs to conduct banking, payments, and investments in Pakistan seamlessly. Account opening is fully digital, requiring no physical presence at a bank, embassy, or consulate. The process involves submitting basic information and documents, with banks mandated to complete due diligence within 48 hours.
