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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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Government releases app to resolve issues of overseas Pakistanis

Government releases app to resolve issues of overseas Pakistanis

Government releases app to help overseas Pakistanis. Foreign Minister Shah Mahmood Qureshi has inaugurated the ‘FM Portal’ for Pakistanis residing abroad in 187 countries.

On Monday, at the Ministry of Foreign Affairs in Islamabad, he urged envoys to contact Pakistani diasporas and handle their issues quickly. FM Qureshi said all Pakistani embassies are online and active on Twitter, Facebook, and Instagram.

They launched the portal in conjunction with the Prime Minister’s Digital Diplomacy Agenda and the Foreign Minister’s Public Diplomacy Initiative.

Read more with EL news : The Thar coal Block II expansion project has been approved

The National Information Technology Board developed the app alongside the Prime Minister’s Performance Delivery Unit.

It will also launch a QR code and a digital system to reduce the chances of document forgery and verification using courier services within Pakistan. It would also help verify a power of attorney for Pakistanis living abroad. The project plans to set up Nadra counters in 16 foreign missions to issue succession certificates and administrative letters to expatriate Pakistanis.

The National Information Technology Board worked with the Prime Minister’s Performance Delivery Unit to create the mobile application, which is now available for download on the App Store.

It will provide services in the standard procedure for document verification, the introduction of the QR code, and the implementation of a digital system to reduce the likelihood of document forgery and the verification of papers sent through courier services within Pakistan.

It would also assist in the online authentication of power of attorney for Pakistanis living abroad who are represented by missions.

The Foreign Office is also working with police agencies in Balochistan, KPK, Sindh, AJK, and Gilgit-Baltistan to digitalize police character certificates. Also, 14 missions now have access to digitized records of Punjab Land Record System ‘mutation’ and ‘registration’ paperwork.

Last year, the FM created the “FM Direct App” as part of his digital diplomacy program. Foreign Secretary Sohail Mehmood, Special Secretary Raza Bashir Tarar, and senior MoFA and IT personnel were present.

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