In April, RDA inflow dipped 6%, hitting $171 million, according to the State Bank of Pakistan (SBP), marking a drop from March’s $182 million.
Of this sum, $11 million has been repatriated, while $123 million has been used domestically, leaving a net repatriable liability of $36 million.
RDA accounts surged to 689,650 from March’s 679,792, signaling a monthly uptick of 9,858, per SBP data.
Cumulative RDA inflow reached $7.831 billion by April’s close, with $1.587 billion repatriated and $4.925 billion used locally, resulting in a total net repatriable liability of $1.319 billion.
Naya Pakistan Certificates hold $840 million of the outstanding liability, split between $317 million in conventional NPCs and $523 million in Islamic instruments.
Additionally, $418 million is attributed to ‘balances in accounts,’ as indicated by SBP data.
Meanwhile, Roshan Equity Investments fell to a modest $33 million.
Background: RDA serves as a vital source of foreign exchange inflows for Pakistan, addressing its cash shortages. Launched in September 2020 by the SBP, it offers up to 8% profit on US dollar investments.