Small Investors to Benefit as SECP Eases Mutual Fund Access

May 14, 2026: The State Bank of Pakistan (SBP) has introduced new rules to make it easier for overseas Pakistanis to transfer inherited money and assets to their home countries. Non-resident heirs can now use NADRA-issued certificates to process these transfers, removing the previous requirement of long court battles.

Under the updated regulations, banks in Pakistan are now authorized to accept Succession Certificates and Letters of Administration issued by NADRA.

Previously, heirs often had to obtain specific court orders, which caused significant delays for those living abroad.

This change is part of a broader effort to facilitate the Pakistani diaspora. When a person in Pakistan passes away, their legal heirs living in other countries often face hurdles in moving their share of the inheritance out of the country

. By recognizing NADRA’s digital certificates, the SBP has cut down the paperwork and time required for these transactions.

How the new process works

To send inherited funds abroad, heirs or their representatives must submit an application to the State Bank through their commercial bank.

The application needs to include the NADRA Succession Certificate or a court-issued letter, which must be verified by relevant authorities or a Notary Public.

If the deceased left a Will, a certified copy of the relevant sections must also be provided. The SBP also requires a complete list of the deceased person’s assets in Pakistan to ensure all legal requirements are met before the money is sent out of the country.

Any amount that is not immediately approved for transfer will be kept in a “blocked account” at a Pakistani bank under the name of the executor.

This ensures the funds remain secure until all conditions are fulfilled for the final transfer.

Source: X.com