Roshan Digital Account inflows reach $2.67bn: SBP

KARACHI: Inflows through Roshan Digital Account (RDA) have reached a whopping $2.67 billion, the State Bank of Pakistan (SBP) said on Monday.

Naya Pakistan Certificates (NPCs) attracted $1.864bn worth of investment, the central bank said.

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As many as 273,411 overseas Pakistanis living in 175 countries opened RDAs in the last 13 months, the data released by the SBP showed.

Pakistani expats made a total investment of $1.05 billion through conventional means, $782 million through through Islamic modes of financing and $27m through a share market.

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Last week, the SBP reported that the foreign exchange reserves held by the central bank rose by 0.3% on a weekly basis. During the week ending on Oct 29, the foreign currency reserves held by the SBP were recorded at $17,199.6 million, showing an increase of $53 million compared with $17,146.7 million on October 15.

The country’s overall liquid foreign currency reserves, including net reserves held by commercial banks, stood at $23,925.9 million. Net reserves held by banks clocked in at $6,726.3 million.