Prime Minister Imran Khan launched Naya Pakistan Certificates (NPC) for overseas Pakistanis. These certificates will also be available to resident Pakistanis who have declared their foreign assets to the Federal Board of Revenue (FBR).
Prime Minister said economy is moving into the right direction. He said all the economic indicators are on the positive trajectory. “After 17 years the current account is in surplus which is unfortunately not being highlighted.”
PM Imran said government is facing food inflation problem. “The only problem is food inflation which is also high in our neighbouring countries including in India.”
Earlier, senator Faisal Javed twitted salient features of Naya Pakistan Certificates. He said return on NPC will be 7 percent in USD and 11 percent in Pak rupee. “Early encashment is allowed. For NRPs, No tax filing is required for NPC.” Only 10% withholding tax will be applicable on profits. He said that Naya Pakistan Certificates are fully repatriable.