Forty thousand non-resident P
akistanis have so far opened Roshan Digital Accounts and one thousand new
accounts are being opened on daily basis.
The figures were shared at a webinar hosted by P
akistan High Commission Ottawa and Consulate General of P
akistan Toronto.
The participants apprised the P
akistanis based in Canada and North America about the details and benefit of Roshan Digital Accounts as well as the role of remittances in the national development.
It was informed that eight P
akistani banks are
offering the facility of Roshan Digital Accounts and more banks would be added to the loop in the coming days.
Notably, these
accounts will provide innovative banking solutions for millions of non-resid
ents Pakistanis (NRPs) seeking to undertake fund transfers, bill payments and investment activities in P
akistan. Opening the Roshan Digital Account will require a basic set of information and documents, and will only take 48 hours once all documents are complete.
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 reg
ulatory approval.
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