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Home News Pakistan News PM Imran will inaugrate 'Roshan Digital Account' Today for overseas Pakistanis

PM Imran will inaugrate ‘Roshan Digital Account’ Today for overseas Pakistanis

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Prime Minister Imran Khan will inaugurate Roshan Digital Account for overseas Pakistanis here on Thursday.

 

According to a press release, PM Office Media Wing said it would be a major initiative by State Bank of Pakistan together with commercial banks operating in Pakistan.

“For the first time in the country’s history, Non-Returning Pakistanis (NRP) will be able to remotely open an account through an entirely digital and online process without any need to visit a bank branch, embassy, or consulate,” It said.

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“The customer can choose either foreign currency or rupee dominated account, or both. Funds in these accounts will be fully repatriable, without the need for any regulatory approval,” the statement read.

For the first time in country’s history, NRPs will be able to remotely open an account through an entirely digital and online process without any need to visit a bank branch, embassy or consulate.

New facility will be available to the nine million non-resident Pakistanis, allowing them to invest money in local stock markets, buy government bonds and securities, and avail basic banking services, SBP Governor Dr Reza Baqir had said.

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The customer can choose either a foreign currency or rupee dominated account, or both. Funds in these accounts will be fully repatriable, without the need for any regulatory approval.

1 COMMENT

  1. This is what we are looking for from a long long time, being an overseas Pakistani, we are happy with decision. Thank you for sharing. Keep it Up.

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