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Frequently Asked Questions:

  • In order to facilitate legal entities incorporated/ registered outside Pakistan, majority owned and controlled by Non-Resident Pakistanis (NRPs) and/or Non-Resident Pakistan Origin Card (POC) Holders, HabibMetro offers an opportunity where you can apply for account opening digitally from anywhere in the world without visiting our branch in Pakistan.

  • Juridical persons/ entities incorporated/ registered outside Pakistan under the relevant laws of the respective jurisdiction, majority (more than 50% ownership) owned and controlled by NRPs and/ or Non-Resident POC Holders, can open account under this Framework by authorizing a NRP or Non-resident POC Holder to process the account opening.

  • The main objective of this scheme is to facilitate Non-Resident / Overseas Pakistanis with their day-to-day business / organizational needs and have smooth access to multiple investment avenues, specially designed by the Government of Pakistan, which offers competitive returns.

  • You simply need to fill a Digital Account Opening Form, available on HabibMtero’s corporate website, and upload all the supporting documents required by the bank. Our team will contact you and help you throughout your journey of opening the account.

  • You can open Pak Rupee Non-Resident Business Rupee Value Account (NRBVA) and Foreign Currency Business Value Account (FCBVA) in foreign currencies.

    The operations of these accounts shall be in accordance with the SBP Foreign Exchange Manual and other guidelines from the regulators, as may be issued/amended from time to time.

  • Yes - Cheque Book will be issued, however, VISA ® Debit/ATM Card is not applicable on Entity/Organization Accounts.

  • You can fund (Via Remittances) this Account using legitimate source as per the SBP AML/CFT guidelines. The bank reserves the right to request you to furnish the source of funds and provide requisite documentation to validate the origination of funds and its respective usage.

    In addition to the foreign inward remittances from abroad, the NRBVA and/or FCBVA accounts can also be locally funded from the dis-investment proceeds from the permissible investments made from the account.

  • Yes – As per the guidelines from the State Bank of Pakistan, you can use either your NRBVA or FCBVA for transferring/remitting funds outside Pakistan after completion of standard regulatory formalities.

  • No - compulsory deduction of Zakat is not applicable on this Account.

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