Call to invest in PSX thru Roshan Digital Account

ABU DHABI (UAE): The Pakistan Business Professional Council (PBPC) Abu Dhabi organized a webinar in collaboration with the Embassy of Pakistan UAE, Pakistan Stock Exchange, and Central Depository Company of Pakistan. The webinar took place on Monday, highlighted how to invest in the Pakistan Stock market via Roshan Digital Account, says a Press release.
Dr. S. Qaiser Anis, President of Pakistan Business Professional Council Abu Dhabi and moderator of the webinar, opened by welcoming and thanking the participants and speakers for attending.
He stated that this webinar is in continuation of the Council’s earlier webinar on the State Bank of Pakistan Initiative to financially connect non-resident Pakistanis with their homeland.
Moreover, he pointed out the objectives and the benefits for Overseas Pakistanis on how to invest in the Pakistan Stock Market via the Roshan Digital Account, a landmark initiative by the State Bank of Pakistan to facilitate Non-Resident Individual Pakistanis (NRIPs) in opening a digital/online bank account with SBP designated eight banks.
Imtiaz Feroz Gondal, Charge de Affaires of Pakistan Embassy UAE, appreciated the initiative of PBPC Abu Dhabi for organizing and arranging the webinar for the benefit of overseas Pakistanis living in UAE in particular and the GCC countries at large.
Badiuddin Akber, Chief Executive Officer of the Central Depository Company of Pakistan Limited, presented on the step-by-step process of how to invest in the Pakistan Stock market through the Roshan Digital Account.
Akber further stated that Roshan Digital Account is a remarkable step taken by the State Bank of Pakistan to facilitate Overseas Pakistanis. Similarly, allowing NRPs to invest in Stock Market through Roshan Digital Account is further facilitation for NRPs which is the result of SECP’s vision to create ease of doing business for investors. He applauded the collaborative efforts of both SECP and SBP through which this important milestone was achieved.
The Chief Executive Officer and Managing Director of Pakistan Stock Exchange (PSX), Farrukh Khan gave a detailed presentation on how to invest in the Pakistan stock market to the participants.
He added that PSX plays a vital role in the Pakistan Economy – it channels domestic savings and foreign capital to Pakistan’s economy by providing capital to companies to finance their growth, invest in new projects, and increase the country’s exports.
Also, Khan mentioned the Overseas Pakistanis’ opportunity in participating IPO and in investing in ETFs
Further, companies listed on PSX provide employment and benefits to millions of Pakistanis and their families and generate significant tax income for the Government of Pakistan.
In closing, Dr. A. Hadi Shahid, PBPC Abu Dhabi Founding Member thanks the Charge d’ Affaires and all the speakers for participating in this mission of the council to serve the community and Pakistan. He also thanked the Executive Board of Pakistan Business Professional Council.
The webinar was attended by prominent Pakistani community members and representatives of leading community organizations and business hailing from Abu Dhabi, Dubai, as well as various parts of the emirates, and from other GCC countries.