Regulatory Alerts2026-03-24 | BPRD Circular Letter No. 09Consolidated Customer Onboarding Framework
The State Bank of Pakistan’s Banking Policy and Regulations Department has amended its Consolidated Customer Onboarding Framework to expand Roshan Digital Account eligibility to all non-resident natural and juridical persons, including foreign-incorporated entities. The update broadens the statutory definition of non-residents under the Income Tax Ordinance, 2001, while preserving the existing account opening process and seamless customer experience for non-resident Pakistanis. These revised instructions take effect immediately, mandating all regulated entities to implement the updated framework without delay.
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