SBP expands RDA to all non-resident persons

MG News | March 25, 2026 at 12:11 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 25, 2026 (MLN): The State Bank of Pakistan (SBP) has updated its Consolidated Customer Onboarding Framework, extending Roshan Digital Accounts (RDA) to all non-resident individuals and legal entities.

The update, issued through Circular Letter, now includes non-resident persons as defined under the Income Tax Ordinance, 2001, covering companies and other juridical entities registered abroad.

This step aims to make Pakistan’s financial system more accessible for overseas investors and businesses.

SBP clarified that the account opening process for non-resident Pakistanis and Persons of Pakistani Origin (POC) remains unchanged.

Banks are instructed to ensure a seamless customer onboarding experience.

The updated framework is effective immediately, with all SBP-regulated entities required to comply fully with the revised instructions.

This measure supports Pakistan’s ongoing strategy to attract foreign investment and promote digital banking for the diaspora, reinforcing RDAs as a key avenue for cross-border financial transactions.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,089.28 109.91M	-0.21% -352.63
ALLSHR	101,117.40 308.32M	-0.15% -155.10
KSE30	49,841.71 50.59M	-0.28% -142.15
KMI30	240,372.43 78.75M	-0.02% -45.72
KMIALLSHR	65,518.16 188.07M	-0.05% -35.70
BKTi	46,228.77 7.60M	-0.60% -281.04
OGTi	33,974.66 4.20M	-0.27% -91.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,280.00	83,320.00 82,645.00	810.00 0.98%
BRENT CRUDE	104.54	105.09 102.33	0.26 0.25%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.75 0.59%
ROTTERDAM COAL MONTHLY	143.40	143.40 143.40	-1.15 -0.80%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	91.66	0.00 0.00	-0.19 -0.21%
SUGAR #11 WORLD	20.27	20.44 20.09	0.12 0.60%