Deputy Secretary Information Pakistan Tehreek-e-Insaf (PTI) Chaudhry Hameed has claimed that he is the first investor of 'Pakistan Banao Certificates,' a new scheme launched by Prime Minister Imran Khan. Hameed said that overseas Pakistanis are buying the new bond in large numbers and they are shifting their investment to Pakistan, adding that there is another incentive for overseas Pakistanis if they buy the bond and come to Pakistan, they can get the cash in Pakistani rupee.
Talking to Business Recorder here on Thursday, he said he was proud to be the first customer of Pakistan by investing $30,000 in Banao Certificates programme.
The Pakistan Banao Certificates are available in three and five year maturities at profit rates of 6.25 percent and 6.75 percent per annum respectively. Minimum investment size is US $5,000 with no upper limit. Overseas Pakistanis, having a CNIC, NICOP or POC, maintaining their bank accounts abroad can invest in the Pakistan Banao Certificates digitally through a dedicated secure website.
He said that the certificates reflect the commitment of the government to ensure that development financing is diversified and is made sustainable in the long-term interest of the country.
He further said that Pakistan has become hub of foreign investment and around 72 foreign companies contacted the Board of Investment (BOI) for investment in the country.
Quoting a Foreign Office statement, he said Malaysian Prime Minister Dr Mahathir Mohamad is scheduled to visit Pakistan on March 23. An investment delegation will also be accompanying the Malaysian Prime Minister.
He said the Saudi Crown Prince's arrival in Pakistan on February 18 would send a positive image to foreign investors.
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