PM launches scheme allowing overseas Pakistanis to open bank accounts remotely

This photograph taken on March 4, 2015 shows a Pakistani resident waiting to withdraw currency from an ATM in Islamabad. (AFP)
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Updated 11 September 2020
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PM launches scheme allowing overseas Pakistanis to open bank accounts remotely

  • Invites them to invest in mega projects in Pakistan by opening Roshan Digital accounts in commercial banks
  • As many as nine million Pakistanis live and work abroad and send about $23 billion in remittances every year

ISLAMABAD: Prime Minister Imran Khan on Thursday invited overseas nationals to invest in numerous mega projects in Pakistan by opening accounts in commercial banks in their country and participate in the nation-building process through their funds. 

“We need to boost our economic activity to create jobs and retire loans,” he said while addressing the ceremony to launch Roshan Digital Account (RDA), a government initiative allowing expatriates to remotely open bank accounts in their country without visiting a bank branch, embassy or consulate. 

The prime minister said that the initiative would provide the overseas Pakistanis an opportunity to make “safe investments” in real estate, construction industry and numerous other mega projects including the Ravi City and Mohmand Dam. 

As many as nine million Pakistanis live and work abroad and send about $23 billion in remittances every year to support their families. The government expects to shore up its dwindling foreign exchange reserves and boost the country’s fragile economy by allowing overseas nationals to funnel their funds through the Roshan Digital Account. 

“The customer can choose either foreign currency or rupee denominated account, or both. Funds in these accounts will be fully repatriable without the need for any regulatory approval,” said a statement issued by the Prime Minister’s Office earlier in the day. 

Talking about economic hardships, Khan said that the country faced a historic $40 billion trade deficit and $20 billion current account deficit when his government came in August 2018. 

“The shortage of dollars in the market puts pressure on the rupee and results in inflation,” he said, adding that wealth creation was required in the country to revive the economy. 

The RDA will provide access to all conventional account services, including fund transfers, online bill payments, e-commerce and other payments in Pakistan. It will also allow users to invest in fixed deposit products offered by banks, put money into Pakistan’s stock market and will be backed by virtual debit cards for both domestic and overseas use. 

The prime minister also termed overseas Pakistanis a “resource pool” which he said was never fully exploited to strengthen the country. 

Haroon Sharif, a senior economist and former chairman of the Board of Investment, said the initiative would help overseas nationals open cross-border bank accounts easily which otherwise would have been a “cumbersome process” due to numerous procedural hurdles. 

“Initially, the flow of funds from expats may be small. Once their confidence improves in this digital initiative, they will use it for investments and bigger amount of remittances,” he told Arab News. 

Sharif said that the whole world was moving toward digital economy and e-commerce, adding “this is a step in the right direction to boost our economy.” 


Imran Khan’s party seeks ‘confidence-building measures’ after government’s talks offer

Updated 03 January 2026
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Imran Khan’s party seeks ‘confidence-building measures’ after government’s talks offer

  • PTI says access to jailed founding leader essential for talks to be considered credible
  • Government says it’s ready for dialogue but nothing will happen until Khan favors the idea

ISLAMABAD: Pakistan’s jailed former prime minister Imran Khan’s party said on Saturday it would only consider the government’s offer for talks credible if it is accompanied by “concrete confidence-building measures,” such as unhindered access to its founding leader in a high-security prison in Rawalpindi.

Last month, Prime Minister Shehbaz Sharif said the government was fully prepared to hold a dialogue with Khan’s Pakistan Tehreek-e-Insaf (PTI) party to address political polarization that has deepened since the downfall of the PTI administration in a parliamentary no-confidence vote in 2022.

PTI has frequently complained about a state crackdown against its top leadership, including Khan and his wife, who are serving prison sentences in multiple cases ranging from corruption charges to inciting violence against state institutions and attacks on government properties.

Sharif’s offer for talks came amid media reports that PTI wanted a dialogue with the government, though he noted that negotiations would not be allowed to proceed on the basis of “blackmailing” or unlawful demands and would only cater to legitimate issues.

“Announcements of talks, without concrete confidence-building measures, cannot be treated as credible progress,” Azhar Leghari, PTI’s central deputy information secretary, told Arab News.

He recalled that Khan had authorized Mahmood Khan Achakzai and Allama Raja Nasir Abbas to carry forward with the dialogue process, adding that talks “require trust, and trust cannot be built at the cost of constitutional rights or democratic legitimacy.”

“For dialogue to be meaningful, it is essential that these authorized representatives are allowed regular and unhindered access to Imran Khan so that any engagement accurately reflects his views and PTI’s collective position,” he added.

Khan’s family, party and legal team have complained in the past they are stopped by the authorities from meeting the ex-PM in prison. Last month, they also raised concerns about his health, prompting the officials to allow one of his sisters to meet him, who said he was fine.

Shortly thereafter, a scathing message was posted on his social media account, criticizing the army chief. Khan’s post elicited a bitter response from the government and the military amid accusations of inciting people against state institutions.

Leghari’s comments came only a day after Rana Sanaullah, adviser to Prime Minister Sharif on political affairs, said PTI’s “second- or third-tier leadership” wanted dialogue, but nothing was going to happen until Khan favored these negotiations.

He also maintained that while the government was ready for talks, “uncertainty and delays from PTI are preventing progress.”

Meanwhile, a newly formed National Dialogue Committee of former PTI leaders told Arab News it had organized a session on Wednesday, January 7, in the federal capital that will bring together all major political parties, journalists, lawyers and representatives of civil society.

“Our goal is to bring political leaders together so that, while discussing their own issues, they can collectively seek solutions to the nation’s challenges,” Mahmood Baqi Moulvi, a Pakistani politician and member of the committee, said.

“The initiative also builds on previous efforts, including a letter to the prime minister requesting confidence-building measures to enable talks with PTI,” he added.

The National Dialogue Committee had urged the government in the letter to grant parole to jailed party figures in Lahore, including former foreign minister Shah Mahmood Qureshi and Dr. Yasmin Rashid, describing the move as vital for building trust ahead of negotiations.

It had also maintained such a step “would not only create an extremely positive, conducive, and trust-filled environment for the negotiations but would also lay a strong foundation for restoring mutual confidence among all stakeholders.”

While the government has also offered dialogue in the past, PTI leaders have conditioned participation on substantive measures, including what they describe as an end to politically motivated prosecutions and arrests, restoration of fundamental rights, respect for judicial independence and a credible roadmap toward free and fair elections.

“Reconciliation is possible, but it must be based on correcting injustices rather than managing optics,” Leghari said. “A genuine reset requires restoring respect for the Constitution, ending political victimization and allowing democratic processes to function without interference.”

Rana Sanaullah and Deputy Law Minister Barrister Aqeel Malik did not respond to requests for comment.