Karachi June 7 2022: Inflows under Roshan Digital Accounts (RDAs), a banking facility reserved for non-resident Pakistanis, amounted to $189 million in May 2022, increasing the total amount to $4,356 million, according to data published by State Bank of Pakistan.
Since start of the year, Pakistan attracted inflows of $1,196 million in RDA, with majority of the funds fall in Naya Pakistan Certificates. Conventional certificates attracted an amount of $301 million while Islamic certificates received inflows of $389 million since January 2022.
As many as 13,087 new RDA accounts were opened in May, taking the total number of accounts to 416,837.
NPCs are dollar, rupee, euro and pound–denominated sovereign instruments available in both conventional and Shariah-compliant forms. The returns are highly lucrative compared with similar bonds offered elsewhere. For example, the dollar-based return on the 12-month instrument is as high as 6.5pc.
