RDA inflows rise as regional conflict prompts strategic fund relocation: Aurangzeb

The inflows from Roshan Digital Account have risen to nearly $300 million from more than $200 million previously, partly driven by strategic relocation of funds amid regional conflict, Finance Minister Muhammad Aurangzeb said. The minister gave his remarks while addressing the Remittance and Roshan Digital Account (RDA) Roadshow in London, organised by UBL and Meezan Bank on Thursday. “Given some of the conflict situation, people are doing their strategic relocations, and as part of those strategic relocations, where we used to get whatever $200 million-plus in terms of our RDA inflows, those have consistently been close to $300 million,” said Aurangzeb. He encouraged overseas Pakistanis to explore investment opportunities beyond real estate, including the industrial sector. “Now what we have to try to do is not let it just go into real estate or the Naya Pakistan Certificate.” “So, now it’s not a question of inflows back into Pakistan, but where this is being directed and invested. So, I am very clear that this scheme will continue to go from strength to strength,” he said. Talking about economic indicators, the minister noted that the country’s import cover has improved to roughl