Prime Minister Imran Khan inaugurated Roshan Digital Account in a ceremony on Thursday, 10th September 2020. This initiative is taken to facilitate the overseas Pakistanis to transfer funds, payments, bill payments, and investment activities back in the country.

Millions of Pakistanis live abroad and it becomes difficult for them to transfer funds in Pakistan and it gets problematic when one wants to invest in Pakistan but they do not find any way out.

The government of Pakistan is focusing on digitizing the country as the world has become a global village so Pakistan needed to transform the ways of transferring funds from abroad to Pakistan. The initiative of Roshan Digital Accounts is taken to empower and facilitate overseas Pakistanis.

Prime Minister Imran Khan stated that “Pakistani diaspora is the country's biggest assets but they are often looked upon with suspicion. They are our best brains. Many even say they cannot become ministers or cabinet members. We need to change this attitude."

This initiative is supported by the State Bank of Pakistan (SBP), along with eight other commercial banks that are working all over Pakistan.

Features of Roshan Digital Accounts

Online opening and functioning of the account The account shall be activated within 2 days No specific requirement for minimum money Access to all banking services Conventional and Sharia, Access to funding transfers, bill payments, investment purposes US Dollars and Pakistani rupees both are accessible No regulatory approvals for fund transfers are required

Banks Linked with Roshan Digital Account

State Bank of Pakistan Habib Bank Limited Bank Al-Falah Meezan Bank Faysal Bank United Bank Limited Samba Bank Standard Chartered Bank

How to Activate your Account

All the concerned banks have issued an online application form for their customers.

Firstly, the customer shall provide some basic information via the form.

Digital copies of all the documents needed shall be provided by customers.

After submission, the bank would verify the application form and documents within 2 days.

Bank representatives might call the customers for verification.

A confirmation email shall be sent by the bank so that the customer can use the bank for transferring funds.

Required Documents

Scanned copies of National Identity Card (CNIC), CNIC of the country living in, and Pakistan Origin Card (POC). Scanned copies of the first two pages of the passport. Scanned copy of visa, entry or exit stamps, and verification of being an NRP. Verification of the source of income. Recent Photographs of the customer. Signatures of the customer on a blank white paper.

Eligibility Criteria to Open an Account in Roshan Digital Account

People of the age 18 or above, living overseas, who are NRPs POC holders (also foreign nationals) Government employees who are posted in another country

Prime Minister Imran Khan said in the inauguration ceremony of Roshan Digital Pakistan that overseas Pakistanis are our asset, with the help of this initiative, funds can be transferred easily from one country to Pakistan.

People can invest in real estate as well while living abroad. This shall boost the construction industry as well. Jaageer Investment is one such initiative where overseas Pakistanis can invest as much as they can in a transparent system, transferring funds for investment has become so easy that it would not be a problem to invest back in Pakistan.

This initiative shall not only boost the construction industry and investment world but it would help our economy grow stronger and better than ever before.