The Finance Ministry announced on Twitter that the sale of conventional Naya Pakistan Certificates started from 14 September 2020, via agent banks.
The certificates which recently launched can provide you a fixed amount of profit and a sharia-compliant type will be obtainable very soon.
The non-residential Pakistani can be a part of this Naya Pakistan Certificates scheme and have an opportunity to invest through Roshan Digital accounts.
The Government of Pakistan also want Pakistanis living in foreign lands to invest their reserves in this scheme in order to help Pakistan to improve its foreign exchange reserves.
You can purchase the certificate both in dollars and in rupees as well and you have the options to choose from five tenures. Three months tenure, six months tenure, one-year tenure, three years tenure and finally five years tenure.
The three months tenure is the short-term certificates and from that, you can earn a profit of 5.5% if you purchase in dollar and 9.5% if you have a certificate in rupees. The profit ratio for the six months is 6% (in dollars) and 10% (in rupees). While the one-year certificate will offer a revenue of 6.5% and 10.5% respectively. The profit ratio for three-years plan is 6.75% and 10.75% and in last for five years of plan if you purchase certificate in dollars then you will be having a profit of 7% and in rupees you will get a profit of 11%.
The minimum amount an individual can invest through this Naya Pakistan Certificates is $5,000 or Rs 100,000. Furthermore, the tax deduction for this structure is at 10% which will be taken from profit. For certificates with a maturity of one year or fewer, the profit along with the invested amount will be paid back to its possessor when the tenure ends. While in the case of three-years and five-years maturity the profit payment will be rewarded twice a year.