The Government of Pakistan has just launched Pakistan banao certificates for the overseas Pakistanis. The Govt has initiated a roadshow campaign to promote this investment opportunity.
Syed Zulfikar Bukhari in an exclusive interview brief that:
“The campaign, to be initiated from Great Britain will also cover Europe and Gulf countries, is aimed at convincing overseas Pakistanis buy ‘Pakistan Banao Certificates’, (PBC) which is a US dollar denominated retail instrument for expats offering attractive incentives.”
The opportunity was being offered by Pakistan only.
This will be available at 6.25 to 6.75 % interest rate per annum on the 5,000 US dollar denomination without upper limit having three and five years maturity time respectively.
The overseas Pakistanis having foreign bank accounts can encash these certificates in dollars/rupees anytime.
But redemption in the dollar before first year will levy its one per cent.
Moreover, it will be exempted from withholding tax and deduction of Zakat.
Syed Zulfikar will formally launch promotional campaign in the United Kingdom.
He will move to UAE, Qatar and other countries about its benefits to them and their country.