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PM Khan launches Pakistan Banao Certificate for overseas Pakistanis

SAMAA | - Posted: Jan 31, 2019 | Last Updated: 1 year ago
SAMAA |
Posted: Jan 31, 2019 | Last Updated: 1 year ago
PM Khan launches Pakistan Banao Certificate for overseas Pakistanis

The government is offering 6.25% profit for a three-year PBC

Photo: AFP

Prime Minister Imran Khan launched on Thursday the Pakistan Banao Certificate (PBC), a diaspora bond for overseas Pakistanis.

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.

“This is a scheme that will not only uplift Pakistan but also generate profits for overseas Pakistanis,” PM Khan said, addressing a ceremony in Islamabad. “I wish this scheme had been launched earlier.”

He praised overseas Pakistanis for their love for the country and said they never abandoned their country when it needed them.

The prime minister said his government is trying its best to overcome the circular debt and deficit.

“Every government goes to the IMF after assuming power,” he said. “But we decided to take help from friendly nations to stabilise the economy.”

PM Khan said that Pakistan has so much potential. “There is historical tourism, religious terrorism and we have the world’s best mountains.”

The prime minister said that the agriculture sector will see notable progress if modern technology is used. “All Pakistan needs is management techniques.”

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8 Comments

  1. Avatar
      Shahzad  January 31, 2019 9:46 pm/ Reply

    Very good decision.

  2. Avatar
      Mohammad Mashir  January 31, 2019 11:42 pm/ Reply

    It is a beautiful scheme both the country and the investor will benefit from it but the prosperity of our country is more important. I will definitely invest in this scheme. How to buy these certificates? Can the Pakistani Mission help?

  3. Avatar
      Anisur Rehman insani  February 1, 2019 1:37 am/ Reply

    Best idea
    I have seen so many pakistani in hospital taking last breath asking about Pakistan latest news
    I left more than 30 years ago because of corruption and disorganised system health going down so I left
    Now Imran is last hope

  4. Avatar
      Jalil Yousaf  February 1, 2019 8:28 am/ Reply

    A good move. Make it possible to purchase Pakistan Banao Certificate from Pakistani Banks in the overseas. For instance, he only Pakistani bank in Japan is National Bank of Pakistan having two branches, i.e., Tokyo and Osaka. It is much easier for thousands of Pakistanis living in Japan to purchase such certificates from National Bank in Japan.
    Hope the government will do the needful.

  5. Avatar
      Naveed  February 1, 2019 4:18 pm/ Reply
  6. Avatar
      Muhammad Umer Khan  February 1, 2019 8:42 pm/ Reply

    very good step.pakiatan prosperity
    should be our mission.

  7. Avatar
      ghulam jillani  February 2, 2019 11:56 pm/ Reply

    i love you imran khan

  8. Avatar
      Ali A Rizvi  February 7, 2019 8:28 pm/ Reply

    I like this proposal

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