PM to inaugurate Roshan Digital Account for overseas Pakistanis
According to Prime Minister’s Office Media Wing, it would be a major initiative by State Bank of Pakistan (SBP) together with commercial banks operating in Pakistan.
As per PM office, for the first time in the history of Pakistan, non-Resident Pakistanis (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.
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.