PM to launch Naya Pakistan Certificates today

Prime Minister Imran Khan will launch Naya Pakistan Certificates (NPCs) by the State Bank of Pakistan (SBP) for overseas Pakistanis today.

According to the details, Senator Faisal Javed said in his tweet said that:

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

He tweeted:

Flexible tenures starting from 3months to 5 yrs. Early encashment is allowed. For NRPs, No tax filing is required. Only 10% withholding tax on profits. #NayanPakistanCertificates are fully repatriable. No approvals required for remitting funds abroad.#بہترین_منافع_بہترین_مستقبل

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

Faisal Javed said that the certificates will be made available for the period of 3 months to 5years while early encashment is allowed.

He added that no tax filing is required for Non-Resident Pakistanis (NRP) and only 10 percent withholding tax will be charged on profits.

‘Naya Pakistan Certificates are fully repatriable and no approvals required for remitting funds abroad,’ added Faisal Javed.

Earlier Prime Minister Imran Khan had launched the Roshan Digital Account project on September 10.

It should be noted that with the help of the Digital Roshan Pakistan Accounts Program, Pakistanis living abroad can easily invest in the country.

After the launch of the program, Pakistanis living abroad have the facility to open their accounts in 8 major banks of Pakistan while living in any country overseas.