Overseas Pakistanis allowed direct investment in companies through Roshan Digital Account

The State Bank of Pakistan on Tuesday allowed overseas Pakistanis to directly invest into the shares of companies in Pakistan and units of funds through the rupee-based Roshan Digital Accounts (RDA).

Overseas Pakistanis have been allowed investment in Pakistani companies as well as funds operated by a private fund management company licensed by the Securities Exchange Commission of Pakistan.

The SBP said that it has trying hard to involve maximum number of overseas Pakistanis into the domestic economy. The new step has been taken to provide further investment and financing opportunities to non-resident Pakistanis (NRPs), the central bank added.

“To facilitate investment in real estate in Pakistan, financing facility has been allowed to RDA holders through their Pak rupee account using digital channels. In addition, inflow of funds into rupee denominated RDA has been allowed through Money Transfer Operators (MTOs),” said the SBP.