The Roshan Digital Account (RDA) initiative continues to attract significant foreign exchange inflows, with November 2024 witnessing a total of $186 million. While this figure is slightly lower than the previous month’s $204 million, the overall trend remains positive, showcasing the sustained appeal of this program for overseas Pakistanis.
As of November 24, 2024, the cumulative gross inflows through RDAs reached a substantial $9.139 billion. Out of this amount, $1.687 billion has been repatriated, while $5.798 billion has been utilized within Pakistan for various purposes, including investments and real estate purchases. The net repatriable liability currently stands at $1.653 billion.
Since their inception in September 2020, RDAs have gained significant traction, with a total of 768,394 accounts opened to date. In November 2024 alone, 10,807 new accounts were registered.
The RDA initiative has proven to be a successful tool for attracting foreign exchange remittances and promoting investment in Pakistan. The program offers a convenient and secure platform for overseas Pakistanis to invest in their homeland.
By simplifying the investment process and providing a range of investment options, RDAs have encouraged a significant number of overseas Pakistanis to contribute to the country’s economic growth. The program has also facilitated the repatriation of funds, which can be utilized to support various development projects.
As the RDA scheme continues to mature, it is expected to play a crucial role in bolstering Pakistan’s foreign exchange reserves and driving economic development.
