PM to launch Roshan Digital Account for overseas Pakistanis today

Prime Minister Imran Khan will inaugurate the Roshan Digital Account for Overseas Pakistanis on Thursday., which is set to be a major initiative offered to the Pakistani diaspora by overseas Pakistanis.

“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.

“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.

Prime Minister @ImranKhanPTI will inaugurate "Roshan Digital Account" later today.

Roshan Digital Account is a major initiative by State Bank of Pakistan (@StateBank_Pak), together with commercial banks operating in Pakistan. pic.twitter.com/kzIl5Tc7Fp

— Prime Minister's Office, Pakistan (@PakPMO) September 10, 2020

Speaking to Bloomberg last month, SBP Governor Dr Reza Baqir had said the 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.