Prime Minister Imran Khan will launch the ‘Naya Pakistan Certificates’ for Overseas Pakistanis today (Thursday).

The development was shared by Senator Javed Khan in a tweet post, “Yet another great news for our Overseas Pakistanis and those Pakistanis who have declared assets abroad with FBR. PM Imran Khan is launching Naya Pakistan Certificates by the State Bank of Pakistan (SBP).”

He also said that according to Shariah principles and rules, Islamic certificates are also available, the certificates will be available for a period of 3 months to 5 years.

The PTI leader said that even before the stipulated period, capital can be withdrawn, there will be NRPs and no tax filing will be required, only 10% holding tax will be applicable on net profit.

Faisal Javed said that investment in New Pakistan Certificate is fully refundable and no approval would be required to transfer these funds abroad.

Back in September, Prime Minister Imran Khan inaugurated the Roshan Digital Account, which provide innovative banking solutions for millions of non-resident Pakistanis (NRPs) seeking to undertake fund transfers, bill payments and investment activities in Pakistan.

Opening the Roshan Digital Account will require a basic set of information and documents, and only take 48 hours once all documents are complete. The customer can choose either a foreign currency or rupee dominated account, or both. Funds in these accounts will be fully repatriable, without the need for any regulatory approval.