The central bank is targeting to attract $1 billion from overseas Pakistanis through Roshan Digital Accounts (RDA) as the first milestone in a long journey. A majority of the inflows are coming from Saudi Arabia and the United Arab Emirates (UAE).
Prime Minister pays tribute to Overseas Pakistanis for their confidence in Roshan Digital Account - News Makers newsmakers.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmakers.pk Daily Mail and Mail on Sunday newspapers.
Govt issues sterling, euro denominated NPCs
Business
February 20, 2021
KARACHI: The government has introduced Euro and British Pound denominated conventional Naya Pakistan Certificates (NPCs) in an effort to attract more inflows from Pakistani diaspora.
The State Bank of Pakistan on Friday said the government has notified that the NPCs would also be issued in Pound Sterling (GBP) and Euro in maturities, carrying gross rate of return (before deduction of tax). The central bank issued standard operating procedures to invest in the pound and euro NPCs. The investors would be eligible to make minimum investment of euro 5,000 in three-month, six-month, 12-month, three-year and five-year tenors of Pound and Euro denominated certificates.
Govt issues sterling, euro denominated NPCs thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.