Karachi: The Central Depository Company of Pakistan Limited (CDC) has prepared plans to facilitate stock market investments by overseas Pakistanis through the Roshan Digital Account initiative launched recently with designated large-scale banks — a news source reported on August 26.
Detailing the mechanism, CDC CEO Badiuddin Akber stated that these digital accounts will allow willing investors to securely invest in the Pakistan stock market without any hassles. The non-residents will only have to allow their banks to link their accounts with the CDC. Once this is done, within a matter of days, they will be able to trade on the stock market without the need to submit any additional documents.
Akber also took the opportunity to praise the State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP) on their work to promote ease of doing business in the country.
He further stated that the CDC was working with the designated banks to prepare for the launch of the Roshan Digital Accounts initiative, which will, in turn, allow overseas Pakistanis to easily invest in their home country’s future.