ISLAMABAD: Pakistan has received impressive inflows of $2.11 billion through the Roshan Digital Account (RDA) by August 2021.
According to latest data of the State Bank of Pakistan, the RDA inflows have significantly increased since June this year, which puts the government in a better position to face a much bigger current account deficit expected in FY22.
The Roshan Digital Account was introduced in September 2020 and initially it attracted deposits of just $7 million only. Inflows, nonetheless, picked up momentum reaching $250 million during Sept to Dec 2020.
However, in the first 8 months of calendar year 2021, the inflows grew rapidly by $1.864bn taking the total to $2.114bn by end of August, which alone witnessed an inflow of $245m.
Out of the total inflows Naya Pakistan Certificates attracted $1,475m so far. The State Bank’s data shows that the country received $307m in July compared to $310m in June reflecting the higher trend with inflow of over $300m per month.
