Bank Daulat Pakistan has launched Non-Resident Pakistanis (NRPs) through Rupee Enhanced Digital Accounts (RDA) to provide more investment and financing opportunities for companies in Pakistan through shares and SERPs. Has allowed direct investment in units of private funds established and operated under a licensed private fund management company.
To facilitate investment in real estate in Pakistan, RDA holders have been allowed to use digital means to avail of the financing facility through their account in Pakistani Rupees. In addition, money transfers through money transfer operators have been allowed in the Roshan Digital Account based on Rupees.
Earlier, investments in government securities registered in RDA with Pakistani rupee, securities listed on stock exchanges, mutual funds, real estate self-financing, and term deposits of banks were allowed.
The change will provide more investment opportunities to non-resident Pakistanis and enable them to purchase property in Pakistan through bank financing. The flow of was allowed. However, based on the feedback received from NRPs, remittances have been allowed to RDA from abroad through money transfer operators.
The move will provide another convenient and efficient way to send remittances, especially to non-resident Pakistanis who do not have a bank account abroad. Remittances received through RDA have already reached 2 billion. Have exceeded The SBP attaches great importance to the confidence and role of Pakistanis abroad in this initiative and assures them that it will continue to enhance the features of the RDA so that these accounts Blarcut can meet their banking needs.
