KARACHI: Pakistan has received a total of $8.416 billion through the Roshan Digital Account (RDA) since its launch four years ago, as per data from the State Bank of Pakistan (SBP). Of this amount, $1.624 billion has been sent back abroad, while $5.334 billion has been used within the country. As of the end of July, the remaining amount that can be repatriated stands at $1.458 billion.
The “Roshan Digital Account (RDA)” was introduced on September 10, 2020, by former Prime Minister Imran Khan to help reduce the bad consequences and economic impact of the COVID-19 pandemic. Initially, there was huge investment in domestic bonds like T-bills and Pakistan Investment Bonds (PIBs). However, the pandemic caused a sharp decline in foreign investment in these bonds.
Despite the slower inflows compared to “hot money,” experts note that the RDA has proven to be a stable and sustainable option for foreign investment in high-yield domestic bonds. The consistent nature of RDA inflows indicates its potential as a long-term source of investment for the country.
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