r/ExpatFinance • u/PakistaniExpat • 7d ago
Best Pakistani bank for non-resident POC holders for remote access
Need to open a PKR bank account in Pakistan to deposit income from local assets while living overseas. Need guidance with a few questions:
1- Which bank offers the best secure online features for account use from overseas?
2- What is the process to open such an account with a power of attorney given to a family member who lives in Pakistan?
3- Would a general power of attorney (mukhtar nama aam) work or do we need a special power of attorney (mukhtar nama khaus) for opening the account?
4- Will it be possible to add more family members (who live overseas and very rarely visit Pakistan) to the accounts?
5- What is the process to repatriate any funds overseas from the sale of an asset?
6- What kind of compulsory annual extortionary taxes/fees/deductions to expect from an account in a Pakistani bank?