Roshan Digital Account
The Commercial Section, Consulate General of Pakistan, Houston is responsible for promotion/facilitation of exports of Pakistan including investment in Pakistan. It’s areas of jurisdiction are Arkansas, Louisiana, New Mexico, Oklahoma, Texas and all US territories and dependencies in the Atlantic and Caribbean region (Puerto Rice and US Virgin Islands).
The Commercial Section is representative office of Ministry of Commerce and works in close coordination with the Trade Development Authority of Pakistan- Chambers of Commerce and Association in Pakistan . The Commercial Section also offers matchmaking services for intending importers/investors. It is responsible for providing up-to-date trade, investment and tariff policies of Pakistan.
Roshan Digital Account
Roshan Digital Account has been inaugurated by the Prime Minister of Pakistan today i.e., 10th September 2020. Roshan Digital Account is a major initiative of State Bank of Pakistan (SBP), in collaboration with commercial banks operating in Pakistan. These accounts will provide all banking facilities for millions of Non-Resident Pakistanis (NRPs) seeking to undertake banking, payment and investment activities in Pakistan. Opening of account is an entirely digital and online process without any need to visit bank branch. Account opens within 48 hours.
Remittance - Roshan Digital Account
Remittances in Pakistan increased to an all-time high level to almost touch $20 billion in the closing financial year of 2015-16. According to statistics of State Bank of Pakistan (SBP), expatriate Pakistanis remitted $19.9 billion in 2015-16, showing a growth of 6.38% ($1.2 billion) compared with $18.7 billion received during 2014-15.The consistent growth in remittance inflows in Pakistan kept Pakistan among the top ten countries in terms of inflows in the world through their nationals settled in other countries mainly for the purpose of professional and business engagements. World Bank reports on Migration and Remittances mentioned Pakistan as top ten countries in the world with highest inflows of remittances. It included Pakistan’s name on the seventh place for the year 2015.