PM to inaugurate Roshan Digital Account for overseas Pakistanis

PM to inaugurate Roshan Digital Account for overseas Pakistanis
Islamabad: Prime Minister Imran Khan will inaugurate Roshan Digital Account for overseas Pakistanis today.

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.