Sept RDA inflows hit 20-month low

[AZ1]

Sept RDA inflows hit 20-month low | The Express Tribune

Rupee, however, cumulatively gained 7.41%, or Rs17.77, in past 10 days

tribune.com.pk

KARACHI:
Foreign currency inflows, from overseas Pakistanis through Roshan Digital Accounts (RDA), slowed to a 20-month low at $168 million in September 2022. This, however, helped gross receipts surpass the $5 billion mark.

Since the launch of RDA 25 months ago, the country has received a total of $5.1 billion, reported research houses on Thursday.

“September’s gross inflows are the lowest monthly inflows recorded after January 2021,” AHL Research reported.

The flows have helped stabilise the country’s foreign currency reserves and supported the rupee against the US dollar in interbank market time-to-time as well. The reserves would have fallen to less than two-week import at around $3billion today if the inflows had not been realised, the research report added.

 

[hussain0216]

No one trusts these trash of the PDM, endless lines of Sharif's and Bhutto's why they hell would we send money Beyonce simple support for relations just to be stolen by corrupt politicians and a useless government



It's crazy these idiots thought anything except barbadi would happen after they forced IK out


Hold elections , give PTI a big majority and start changing Pakistan

 

[AZ1]

 

[AZ1]

We are in Caa category

 

[Olympus81]

Whats the net accumulate position of the RDA?

They never mention that.

 

[Ssan]

The real question is that how the rupee getting stronger with a globally ascendant dollar and credit ratings of Pakistan being decreased???

 

[Olympus81]

A tranche from IMF, and a weakening of $ in the past 2-3 days, and throwing SBP’s forex reserves into the mix.

But the Pak Rs will continue to weaken in a few weeks.

 

[maithil]

RDA inflows for October lowest in almost 2 years

Inflows for October amounted to $146 million, 13.1 per cent lower than last month.

www.dawn.com

Inflows under Roshan Digital Accounts (RDAs) — a banking facility reserved for non-resident Pakistanis — clocked in at $146 million in October, a decline of 13.1 per cent compared to last month’s $168m and the lowest since December 2020, according to data shared by the State Bank of Pakistan (SBP).

 

[CrazyZ]

Shariff/Dar effect. Trust in Roshan accounts goes down since no guarantee the Shariff/Dar click won't do what they did in past.

 

[epebble]

Ogra refutes media reports about limited diesel stocks​

The Oil and Gas Regulatory Authority (Ogra) on Tuesday refuted reports about limited stocks of high speed diesel (HSD), emphasising that sufficient stock was available in the country to cater to demand.

“It has been noted that certain sections of [the] press reported on the limited stocks of diesel in the country which is not correct,” an Ogra spokesperson said in a statement.

Later in the day, the Ministry of Energy also iterated that sufficient petrol and diesel stocks were present.

“The news circulating regarding fuel shortage is baseless and contrary to facts,” it said in a press release. It added that as of Nov 7, petrol stocks amounted to 550,000 MT which was enough for 21 days while diesel stocks were 438,000 MT which was enough for 15 days.

Ogra refutes media reports about limited diesel stocks

Says sufficient diesel stocks are available; Oil Companies Advisory Council had previously warned of "product availability challenges".

www.dawn.com

 

[ziaulislam]

No one trusts these trash of the PDM, endless lines of Sharif's and Bhutto's why they hell would we send money Beyonce simple support for relations just to be stolen by corrupt politicians and a useless government



It's crazy these idiots thought anything except barbadi would happen after they forced IK out


Hold elections , give PTI a big majority and start changing Pakistan

Withdraws would still not happen untill policy time is over

what you will see will be slow flows and then an abrupt trend in withdrawals when short term policies are over(2-3 yrs from now no matter whose govt is there as the confidence has been shattered)