Karachi: In a positive development for Pakistan’s digital banking sector, the State Bank of Pakistan (SBP) reported a 9% increase in inflows through the Roshan Digital Account (RDA) in December 2024. The total inflows for the month amounted to $203 million, up from $186 million in November.
According to the SBP data, of the total inflows in December, $13 million was repatriated, while $113 million was utilized locally. The net repatriable liability for the month stands at $76 million. Cumulative inflows since the launch of the RDA initiative in September 2020 have now reached a total of $9.342 billion as of December 2024.
The SBP further disclosed that, out of the cumulative total, $1.7 billion has been repatriated, and $5.911 billion has been utilized within Pakistan. The total net repatriable liability as of December now stands at $1.73 billion.
The data also highlighted a steady increase in the number of RDA accounts, which reached 778,713 by the end of December, an increase of 10,319 accounts from the previous month, which recorded 768,394 accounts.
Regarding specific instruments, the SBP noted that $1.208 billion of the outstanding liability is linked to Naya Pakistan Certificates (NPCs), with $460 million in conventional NPCs and $748 million in Islamic NPCs. An additional $425 million is categorized as ‘balances in accounts.’
Furthermore, Roshan Equity Investments also saw growth, reaching $59 million in December, a 16% month-on-month increase, underscoring the growing popularity of equity-based investments among overseas Pakistanis.
This continued growth in RDA inflows signals sustained confidence in Pakistan’s financial system, with increasing participation from the Pakistani diaspora, which continues to play a vital role in the country’s economic development.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
