The government has decided to provide a digital banking facility to overseas Pakistanis, according to the Special Assistant to the Prime Minister on Overseas Pakistanis and Human Resource Development Sayed Zulfiqar Bukhari.
Making banking easy for Overseas Pakistani! Coming soon! #mophrd
— Ministry of Overseas Pakistanis & HRD 🇵🇰 (@mophrd) August 16, 2020
Bukhari said that the overseas Pakistanis will be able to make direct payments and investments in the country, adding that the initiative will be a great investment opportunity for the Pakistani community living abroad.
According to the reports, consultations with State Bank of Pakistan (SBP) and other commercial banks have been completed in this regard. This facility will also enable users to get benefit from fixed deposit products of banks and make a direct transaction for buying residential and commercial property.
Overseas Pakistanis, while having the option of opening account in Pakistani rupee or foreign currency, will also be able to withdraw their investment without any prior notice.
He further said that digital banking had been a longstanding demand of the Pakistani diaspora and noted that the overseas Pakistani community wants to become important stakeholders in the national development of the country.
Zulfi added that the plan has been designed according to the vision of Prime Minister Imran Khan.