PM Khan launches Pakistan Banao Certificate for overseas Pakistanis

PM Khan launches Pakistan Banao Certificate for overseas Pakistanis

PM Khan launches Pakistan Banao Certificate for overseas Pakistanis

Prime Minister Imran Khan reiterated his resolve to make Pakistan self-reliant with effective policies of the incumbent federal government of Pakistan Tehreek-e-Insaf, ARY News reported on Thursday.

It is a great opportunity for the overseas Pakistanis to invest their savings in the Pakistan Banao Certificates to make their future secure by getting higher profit rates and help Pakistan to prosper.

Prime minister said reforms are being made in the supreme body responsible for tax collection in the country, the FBR.

Imran Khan also said that I had directed all the Pakistani embassies around the world to treat the Pakistanis with respect and solve their issues and problems as early as possible.

Khan has launched a highly publicised austerity drive since being sworn in, including auctioning off government-owned luxury vehicles and buffaloes, in addition to seeking loans from "friendly countries" and making overtures to the International Monetary Fund.

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The Prime Minister also encouraged Overseas Pakistanis to send their remittances through banking channels to benefit the precarious economic situation of the country.

"The ambassadors of Pakistan are being trained for how to provide maximum facilities to the Overseas Pakistanis", he said.

United Arab Emirates, Pakistan's largest trading partner in the Middle East and a major investment sources, recently offered $3 billion to support Pakistan's battered economy. While honouring their patriotic spirit, the Certificates will enable overseas Pakistanis to fulfill their aspiration of contributing to the development of the country.

According to a working document by the State Bank of Pakistan, the government is offering 6.25% profit for a three-year PBC and 6.75% for its five-year version. 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 overseas. Investors will also have the option to encash the Certificates prematurely in Pak Rupee without any deduction.

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