Staff Reporter
Islamabad
Senator Faisal Javed said on Thursday that over $100 million have been deposited in Roshan Digital Accounts and 44,000 plus accounts opened by overseas Pakistanis.
Faisal Javed said in his Twitter message that overseas Pakistanis have so far opened over 44,000 Roshan Digital Accounts besides depositing more than $100 million. He added that more than $50 million has been invested in Naya Pakistan Certificates.
The senator praised the ‘fabulous response’ to the great initiative by the State Bank of Pakistan (SBP) and the finance ministry.
Prime Minister Imran Khan had launched Naya Pakistan Certificate on November 12 which was introduced to facilitate overseas Pakistanis for opening a Foreign Currency Value Account (FCVA) are for overseas Pakistanis and those who have declared assets abroad with the Federal Board of Revenue (FBR).
Earlier, Faisal Javed of the ruling party had said NPC holders will get up to 7 per cent return in US dollar and 11 per cent in Pakistani currency, whereas, Islamic Certificates (Shariah-compliant) are also being offered by the central bank. The certificates will be made available for the period of three months to five years while early encashment is allowed, said Faisal Javed, adding that no tax filing is required for Non-Resident Pakistanis (NRP) and only 10 per cent withholding tax will be charged on profits.
