By Moaaz Manzoor

Funds received through Roshan Digital Accounts rose to $13.365 billion by the end of June 2026, while the number of accounts opened by overseas Pakistanis reached 946,201, according to the latest data released by the State Bank of Pakistan (SBP).

The SBP’s key statistics on Roshan Digital Account, available up to June 30, 2026, show that funds received increased by $305.83 million in June from $13.059 billion in May. On a month-on-month basis, this reflects a rise of 2.34%.

The data matters because RDA inflows are an important channel for overseas Pakistanis to place funds in Pakistan’s banking system, invest in government-backed instruments and maintain foreign currency or rupee balances. For the economy, the pace of inflows, repatriations and net liabilities provides a useful gauge of overseas investors’ ongoing engagement with the country’s financial system.

The number of RDA accounts increased to 946,201 in June from 936,165 in May, showing an addition of 10,036 accounts during the month. Since January 2026, the number of accounts has risen by 44,437 from 901,764.

The SBP data shows that total funds received through RDA stood at $11.923 billion in January, $12.165 billion in February, $12.426 billion in March, $12.747 billion in April, $13.059 billion in May and $13.365 billion in June.

Out of the total funds received by the end of June, $2.093 billion had been repatriated, while $8.435 billion had been utilised locally. Total repatriated and utilised funds stood at $10.528 billion. Net repatriable liability, which reflects the remaining amount that can be repatriated, increased to $2.837 billion in June from $2.706 billion in May.

Within net repatriable liability, Islamic Naya Pakistan Certificates remained the largest component at $1.259 billion in June, followed by balances in accounts at $711.97 million and conventional Naya Pakistan Certificates at $641.85 million. Roshan Equity Investments stood at $145.25 million, while other liabilities were recorded at $78.28 million.

Compared with May, investments in conventional Naya Pakistan Certificates increased by $55.45 million, while Islamic certificates rose by $50.19 million. Balances in accounts increased by $12.34 million and Roshan Equity Investments rose by $10.35 million.

The SBP data shows that RDA activity continued to expand in June, with account openings, total funds received, locally utilised funds and net repatriable liability all increasing from the previous month. Cumulative inflows rose to $13.365 billion by June 2026, compared with $13.059 billion in May and $11.923 billion in January.

By end-June, total repatriated and utilised funds stood at $10.528 billion, while net repatriable liability reached $2.837 billion. The largest share of this liability was held in Islamic Naya Pakistan Certificates, followed by balances in accounts and conventional Naya Pakistan Certificates, according to the SBP data.

Credit: INP-WealthPk