ISLAMABAD: While launching Pakistan Banao Certificates on Thursday Prime Minister Imran Khan termed the Certificates will enable overseas Pakistanis to fulfill their aspiration of contributing to the development of the country, says TLTP.
These Certificates will also generate foreign exchange for the socioeconomic development of the country. The Pakistan Banao Certificates are available in three and five year maturities at profit rates of 6.25 percent and 6.75 percent per annum respectively.
Minimum investment size is US Dollars 5,000 with no upper limit. Overseas Pakistanis, having a CNIC, NICOP or POC, maintaining their bank accounts abroad can invest in the Pakistan Banao Certificates digitally through a dedicated secure website (www.pakistanbanaocertificates.gov.pk).
The website also has complete details on the Certificates. Every investor will be issued a unique identity number and profits in US Dollars will be remitted semi-annually to the investor’s specified account maintained abroad.
Further incentives include exemptions from withholding tax and compulsory deduction of zakat. Investors will also have the option to encash the Certificates prematurely in Pakistani rupee without any deduction.
The launch of Pakistan Banao Certificates is a step towards welfare of overseas Pakistanis and the Prime Minister and his team are fully committed to acknowledge and support overseas Pakistanis in recognition of their unrelenting support and love for the motherland.
The Certificates also reflect the commitment of the Government to ensure that development financing is diversified and made sustainable in the long term interest of the country.
NNI adds: Prime Minister Imran Khan likely to visit Lahore this week.
Amid the visit, he is expected to review performances of the provincial ministers and hold meetings with the leaders of allied parties.
The prime minister will also be given detailed briefing on Sahiwal incident and provincial affairs.
Matters pertaining to issuing funds to Punjab assembly members will also come under discussion.
Sources privy to the CM House said that PM Imran Khan had to visit Lahore last week but he returned to Islamabad after his visit to Mianwali.