SECP is prepared to take actions to assist Overseas Pakistanis

SECP is prepared to take actions to assist Overseas Pakistanis

SECP is prepared to take actions to assist Overseas Pakistanis. The Securities and Exchange Commission of Pakistan has done away with the need for banks to get a separate license to sell mutual funds and private pension funds to Roshan Digital Accounts (RDAs).

Read more with EL news : SECP doesn’t want you to invest in “real estate segregation.”

It makes it easier for Pakistanis living outside of Pakistan to invest in mutual funds and private pension funds run by Asset Management Companies. The relief is part of SECP’s efforts to get more people to invest in Pakistan’s capital markets by making it easier to invest through RDAs..

The permission is only for banks that can open RDAs. You still need a license for transfers to accounts that aren’t RDAs. Overseas Pakistanis will invest more money if the SECP comes up with new ideas.

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