PM Imran Khan on Thursday will inaugurate Roshan Digital Account for overseas Pakistanis
Prime Minister Imran Khan on Thursday will inaugurate Roshan Digital Account for overseas Pakistanis.
In the press release, PM Office said that the major proposal by the central bank will work 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.
The customer can choose either foreign currency or rupee subjugated account, or both. Funds in these accounts will be fully reparable, without the need for any regulatory approval
Speaking to Bloomberg last month, SBP Governor Dr. Reza Baqir had said the new facility will be available to the 9 million non-resident Pakistanis, allowing them to devote money in local stock markets, buy government bonds, and securities, and avail basic banking services.
The SBP boss had added that at present, at least 8 Pakistani banks will facilitate the Roshan Digital Accounts and allow overseas Pakistanis can deposit funds in US dollars or Pakistani rupees.