Roshan Digital Account Inflows Decreased in February 2024.
The Roshan Digital Account (RDA) continues to be a significant player in attracting foreign currency inflows to Pakistan. While February 2024 saw a minor dip in inflows compared to January, the overall trend remains positive. The cumulative inflow of $7.5 billion by February highlights the program’s success in engaging overseas Pakistanis.pen_spark
Roshan Digital Account Inflows Dip Slightly in February 2024
The Roshan Digital Account (RDA), a key initiative for attracting foreign investment into Pakistan, saw a slight decline in inflows for February 2024.
Key Points:
- February Inflows: $141 million, down 0.7% compared to January 2024.
- Cumulative Inflows (till Feb 2024): $7.5 billion.
- Utilization: $111 million utilized locally in February.
- Repatriation: $9 million repatriated in February.
- Active Accounts: Reached 668,701 by February 2024.
- Total Liability: Stands at $1.252 billion as of February.
Roshan Digital Account: A Source of Foreign Currency
The RDA remains a significant source of foreign exchange for Pakistan, attracting investment from overseas Pakistanis. The program offers attractive features, including:
- Up to 8% profit on US dollar investments.
- Investment opportunities in various sectors.
- Repatriation flexibility.
Looking Ahead: Continued Monitoring of Trends
While the February dip is minor, it’s important to monitor future trends to assess the overall effectiveness of the RDA program.
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