Islamabad – Prime Minister Islamic Republic of Pakistan Imran Khan on Thursday inaugurated the “’Roshan Digital Account”, which he called a gigantic step for Pakistani expatriates to participate in the nation-building process.
Millions of overseas Pakistan will use “Roshan Digital Account” an initiative through which they will facilitate in transfer of funds, bill payments, and investment activities in the South Asian country.
While addressing an inaugural ceremony in Islamabad, PM Imran Khan apprised “Overseas Pakistani is our biggest asset but they are often looked upon with suspicion, and we were not able to tap their potential previously,”.
“They are our best brains. Various even say they cannot become ministers or cabinet members. We have to change this attitude.”
He further added that the Roshan Digital Account is a key initiative by the State Bank of Pakistan (SBP), together with eight other commercial banks operating in the country.
The Prime Minister’s office apprised during a press release promulgated earlier today “For the first time in the history of Pakistan, Non-Returning Pakistanis (NRP) will be able to remotely open an account through an entirely digital and online process without any requirement to visit a bank branch, embassy, or consulate,” the Prime Minister’s Office said in a press release issued earlier today.
“The customer can select 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 interpreters.