HABIBMETRO, CDC sign agreement for NRP investment in PSX

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Staff Reporter
Karachi

HABIBMETRO and Central Depository Company (CDC) signed an agreement that aims to facilitate Non-Resident Pakistanis (NRPs) to invest in Pakistan’s stock market through the HABIBMETRO Roshan Digital Account (RDA).

The RDA is an initiative of the Government of Pakistan and the State Bank of Pakistan that brings banking convenience to Pakistanis residing, or owning declared assets, overseas.

On the occasion of the signing ceremony, Mohsin Ali Nathani, President & CEO HABIBMETRO commented, “We are pleased to collaborate with the CDC for enhancing our RDA offering and enabling NRPs to invest in Pakistan’s stock market in a hassle-free and convenient manner.’

He added, ‘HABIBMETRO and Habib Bank AG Zurich are committed to serving our customers regardless of where they are in the world.

HABIBMETRO RDA offers NRPs digital account opening, convenient online banking and attractive opportunities that contribute toward the progress of Pakistan.’

HABIBMETRO’s Roshan Digital Account provides NRPs with an innovative banking solution to undertake banking-payments, fund-transfers and investment activities in Pakistan, from anywhere in the world.

The RDA program is available for Conventional and Islamic Banking customers around the world.

Since its launch 6 weeks ago, HABIBMETRO RDA has contributed over 5 percent to the Rs. 600 million+ remittances attracted through the initiative.

Expressing his thoughts at the signing ceremony CEO CDC Mr. Badiuddin Akber said, “Roshan Digital Account is a remarkable step taken by the State Bank of Pakistan to facilitate Overseas Pakistanis.