KARACHI (Dunya News) – The State Bank of Pakistan (SBP) has on Thursday launched the ‘Roshan Digital Accounts (RDA) for Non-Resident Pakistanis’ (NRPs).
Pakistani living abroad will enable to remotely open bank accounts in Pakistan
For this purpose, the SBP has already issued a simplified account opening framework and other regulatory instructions. Using their RDAs, NRPs can now avail digital banking facilities, including access to online banking, domestic funds transfer, utility bills and tuition fee payment in Pakistan.
Pakistanis abroad could make investments in government bills, stock exchange, and real estate sector with option of full repatriation.
Prime Minister Imran Khan has praised the program for its potential to strengthen ties between Pakistan and its diaspora.
. Pakistanis born outside of the nation sent $19.9 billion in 2015–16, increasing $1.2 billion or 6.38% from $18.7 billion in 2014–15, according to figures released by the State Bank of Pakistan (SBP). A steady increase in remittance inflows, primarily from its citizens who travel abroad for business and professional interests, has kept Pakistan among the world’s top ten countries. Pakistan is in the top 10 countries in the world for remittance inflows, per World Bank data on migration and remittances.
. Pakistanis born outside of the nation sent $19.9 billion in 2015–16, increasing $1.2 billion or 6.38% from $18.7 billion in 2014–15, according to figures released by the State Bank of Pakistan (SBP). A steady increase in remittance inflows, primarily from its citizens who travel abroad for business and professional interests, has kept Pakistan among the world’s top ten countries. Pakistan is in the top 10 countries in the world for remittance inflows, per World Bank data on migration and remittances.
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