Roshan Digital Account Inflows Decline in April

The State Bank of Pakistan (SBP) reported that inflows through the Roshan Digital Account (RDA) amounted to $177 million in April. This represents a 25% decrease compared to the $235 million recorded in March 2025.

Of the total inflows in April, $24 million has been repatriated thus far, while $159 million has been deployed locally.

The central bank also noted an increase in the number of RDA accounts, reaching 814,244, up from 805,442 at the close of March. This indicates a month-on-month growth of 8,802 accounts.

According to the latest data available on the SBP website, the cumulative RDA inflow totaled $10.18 billion by the end of the previous month. From this amount, $1.757 billion has been repatriated, and $6.527 billion has been utilized within the country.

As a result, the total net repatriable liability stood at $1.897 billion at the close of April.

Of the total outstanding liability, $1,356 million is associated with Naya Pakistan Certificates, comprising $456 million in conventional NPCs and $900 million in Islamic instruments.

The SBP data further revealed that $444 million is held as ‘balances in accounts’.

Meanwhile, Roshan Equity Investments experienced a monthly decline, standing at $58 million, which is a 6% decrease from the previous month.

Background

The RDA serves as a vital source of foreign exchange inflows for Pakistan, which faces ongoing liquidity challenges.

The initiative, introduced by the SBP in September 2020, provides returns of up to 8% on US dollar investments.