Govt to Launch Digital Banking for Overseas Pakistanis in September

The government of Pakistan has decided to launch a digital banking facility next month for Overseas Pakistanis. They will soon be able to open their bank accounts and make investments directly in the country from abroad.

According to the details, the ‘Roshan Digital Accounts’ project will be rolled out in the first week of September as Prime Minister Imran Khan had already okayed the initiative, said a senior officer of the Ministry of Overseas Pakistanis and Human Resource Development (OP&HRD).

After the launch of the project, the expatriates will have to submit their documents online for opening a new bank account. Under the initiative, they will get multiple facilities including funds transfer, e-commerce, bill payment, and others.

The officer said that this initiative will enable the overseas Pakistanis to make a direct investment in the real estate sector and the Pakistan Stock Exchange.

The State Bank of Pakistan is introducing the Roshan Digital Accounts for overseas Pakistanis in collaboration with eight major banks in the country. The banks have already made separate portals on their websites with the all information regarding the  Roshan Digital accounts and are running it as a pilot project till the launch.