For non-resident Pakistanis in Dubai, the chairman of Bank Alfalah introduced the Roshan Digital Accounts on behalf of the Government of Pakistan and State Bank of Pakistan (SBP).
At the occasion, chairman Sheikh Al Nahayan said:
Pakistan, by several important measures, is recognized as an emerging international financial services center. This Roshan Digital Account has been designed from the ground up to cater to the needs of high-net-worth individuals through a sophisticated digital platform.
This is a product that is rooted in the present and future progress of Pakistan’s economy as one of the emerging markets of the world – an economy where astute investors should want to invest, for the present and the future.
The sources also noted that the Governor State Bank of Pakistan, Dr. Reza Baqir, was also there at the event and said:
We are very pleased to bring the Roshan Digital Account to the Pakistani diaspora. This repatriable account can be opened remotely, without a physical presence, in multiple currency offerings and is at the cutting edge of technology and digitization.
For the first time in Pakistan’s banking history, Non-Resident Pakistanis will have the opportunity to invest in the stock market, real estate, and the Naya Pakistan Certificates, which offer attractive returns in US dollars and Pakistan rupees.
As we embark on this new frontier in digital banking, we are certain that we will have the continued support of his Excellency to make our endeavors a resounding success.