PM Imran appreciates interest in Roshan Digital Account initiative

Prime Minister Imran Khan on Saturday appreciated the interest of overseas Pakistanis towards the 'Roshan Digital Account' initiative that facilitates millions of overseas Pakistanis to undertake fund transfers, bill payments and investment activities in Pakistan

In a tweet, the premier noted that over 21,000 digital accounts have been opened remotely and $24 million received

"Number of accounts and amounts are growing everyday," he wrote

Glad to see Overseas Pakistanis taking advantage of #RoshanDigitalAccount initiative of State Bank of Pakistan

To date more than 21 thousand digital accounts have been opened remotely & $24 mn received

Number of accounts & amounts are growing everyday


co/sEe2wiOYrG — Imran Khan (@ImranKhanPTI) October 15, 2020 The Roshan Digital Account is a major initiative by the State Bank of Pakistan (SBP), together with eight other commercial banks operating in the country

These banks will provide innovative banking solutions for millions of non-resident Pakistanis (NRPs) and for the first time in Pakistan's history, they will be able to open an account in any bank through an entirely digital and online process, without having to visit any bank, embassy or consulate

To open an account, all documentation requirements will need to be completed

Once complete, it will take 48 hours to open the account, said a statement

The customer can choose whether to open a rupee dominated account, foreign currency or both and funds in the account will be fully repatriable, without the need for any regulatory approval

Date:18-Oct-2020 Reference:View Original Link