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A man counting 100 dollar bills. — AFP/Files
#RDA #inflows #rise #222m #January
KARACHI: Central Bank data said Tuesday that Pakistan had a total arrival of $ 222 million through the bright digital account (RDA) in January, the central bank data said on Tuesday.
The above trend reflects the constant confidence of Pakistanis abroad in the country’s economic recovery, which is strengthened by key measures under the International Monetary Fund (IMF) Loan Program. From the total RDA funds, Million was returned to 11 million, locally used 1 141 million, and was responsible for a net return of $ 70 million.
Since the start of the RDA in September 2020, Pakistan has received a total of $ 9.56 billion. Of this amount, $ 1.71 billion has been returned, and $ 6.05 billion has been used. By the end of January 2025, the number of digital accounts reached 778.697.
Saad Haneef, the head of the research in Ismail Iqbal Securities, said the ongoing increase in the arrival of the RDA shows the growing attractiveness of the move, which aims to invest foreign investment with Pakistanis abroad. Monthly arrival indicates the permanent interest of current account holders.
“Specifically, the pure return responsibility (NRL), which represents the part of the funds that can be repatriated to account holders, is $ 1.8 billion, which of the total RDA arrival 18.8 The percentage is. Hanif said it indicates the continued commitment to Pakistanis abroad, as most of the funds are housed, which contains $ 6.05 billion in Pakistan.
He believes that a stable trend in the monthly arrival indicates the ongoing confidence in Pakistan’s economic recovery, which is supported by key measures under the IMF program. “Foreign investors, especially non -residents, are responding positively to improving the country’s economic indicators, including financial stability and economic stability measures. As a result, RDA move Pakistan An important pillar is an important pillar for strengthening foreign exchange reserves and overall economic health.
SBP statistics shows that from September 2020 to January 2025, a net investment of $ 1.33 billion has been made by the RDA. In this whole, $ 479 million was invested in the traditional new Pakistan Certificate (NPC), while $ 799 million was invested in the Islamic NPC. Bright Equity Investment Million reached 59 million, and other responsibilities were worth 36 million. It has the remaining balance of 8 428 million in the account.
The RDA facility, along with commercial banks, enables Pakistani Daspura to open a digital bank account in Pakistan. The account can be used for investment, banking and payments. Remittances from abroad can be sent to Pakistan through the RDA.
By January seven months, remittances to Pakistan increased by 32 % to $ 20.8 billion. Analysts have predicted that permanent remittances and low trade deficit will force Pakistan to report the current account surplus in the fourth consecutive month in January. However, Pakistan relies on the loans of the IMF and friendly countries to meet the responsibilities of paying its external loans.
Fitch ratings have noted in their recent comment that Pakistan’s external financing needs will be significant in the coming year. The South Asian nation needs more than 22 billion payments to external loans during the current financial year, including reserves of about $ 13 billion.
The IMF’s mission is expected to visit Islamabad next month to review Pakistan’s economic performance under the $ 7 billion expansion fund facility program. A successful review will pave the way for the country to secure the next Billion 1 billion loan range from a global lender.
