ROSHAN DIGITAL ACCOUNT INFLOWS REACH $2.67BN: SBP

ROSHAN DIGITAL ACCOUNT INFLOWS REACH $2.67BN: SBP

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Karachi: The State Bank of Pakistan (SBP) said on Monday that the inflow of funds through the Roshan Digital Account (RDA) has reached US$2.67 billion.

The central bank stated that the Naya Pakistan Certificate (NPC) attracted investments worth US$1.864 billion.

According to data released by SBP, in the past 13 months, as many as 273,411 overseas Pakistanis living in 175 countries have opened RDAs.

Foreigners in Pakistan have invested a total of US$1.05 billion through traditional means, US$782 million through Islamic financing, and US$27 million through the stock market.

Last week, SBP reported that foreign exchange reserves held by the central bank increased by 0.3% every week. As of the week of October 29, the foreign exchange reserves held by SBP were US$17,199.6 million, an increase of US$53 million from the US$17,146.7 million on October 15.

The country’s overall current foreign exchange reserves, including net reserves held by commercial banks, are USD 23.925 billion. The net reserve held by the bank is US$6.7263 billion.

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