Pakistani Rupee Is One Of The Best Performing Currencies In The Region

• Senator Faisal Javed gave good news to those who disclosed the details of assets abroad.
• Faisal Javed  said that according to Shariah principles and rules, Islamic certificates are also available, in which certificates for a period of 3 months to 5 years will be available.
•  Government has introduced an investment scheme for overseas Pakistanis called New Pakistan Certificate, under which overseas Pakistanis can invest in the scheme through a Roshan digital account.

Governments policy for abroad assets

Senator Faisal Javed gave good news to those who disclosed the details of assets abroad. In his statement, PM. On these certificates, 11% profit will be given on 7 Pakistani Rupees per dollar.

He said that according to Shariah principles and rules, Islamic certificates are also available, in which certificates for a period of 3 months to 5 years will be available, capital can be withdrawn even before the stipulated period, there will be no NRPs and no tax. Filing will be required, only 10% holding tax will be applicable on net profit.

Yet another #GreatNews for our Overseas Pakistanis & those Pakistanis who ve declared assets abroad w/ FBR. PM Imran Khan is launching #NayaPakistanCertificates by @StateBank_Pak today iA. Upto 7% Return in USD & 11% in PKR. ISLAMIC Certificates (SHARIAH compliant) are available

— Faisal Javed Khan (@FaisalJavedKhan) November 12, 2020

Faisal Javed further said that New Pakistan certificates are fully repatriable, no approval would be required for capital deposited abroad.

 

 

The government has introduced an investment scheme for overseas Pakistanis called New Pakistan Certificate, under which overseas Pakistanis can invest in the scheme through a Roshan digital account, with interest rates on investments in Pakistani and US banks.

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