Overseas Pakistanis allowed direct investment in companies through Roshan Digital Account
KARACHI: 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 a 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.
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