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KARACHI: Pakistan’s Roshan Digital Account (RDA) gross inflows has reached $ 5.3bn as of Oct’22. The Oct’22 gross inflows clocked in at $146mn, the lowest monthly inflow since Dec’20.
This came just a week after weekly inflation, measured by the Sensitive Price Indicator (SPI), posted a record increase, hitting 30.6 percent year-on-year (YoY) for the week ending on Nov 3 mainly due to the highest-ever energy and food prices.
Commenting on the current situation, expert Muzammil Aslam said that first foreign lenders, then remittances and now RDA dying down, which showed a lack of trust on the current PDM government.
It may be recalled that last week, HBL in collaboration with Pakistan High Commission London had hosted the Roshan Digital Account event for the Pakistani community in the UK. The event was aimed at creating awareness of the State Bank of Pakistan’s Roshan Digital Initiative. The initiative allowed non-resident Pakistanis to open bank accounts digitally from abroad for investment in Pakistan and take advantage of the saving schemes and investment opportunities in the country.
